On the daily timeframe, EURJPY has created a nice downtrend channel. Price has been making a bullish move for a few days and now it is time for a turn to the downside. We have a red support line that was broken and I want price to retest this zone.
I will enter a short on the 0.786 fib level (129.793).
- New to trading, so comment and tell me how I can improve! -