This is an aggressive short setup. As long price does not break the HIGH, the setup is valid as we are rejecting from an impo level with price looking for LH on higher tf.
Expecting price to do retracement, here is the chart setup as long Lo holds buy the dips for the stated target
As long support holds, look for buying opp short term intra-day setup
Expecting bias price action this week as long Hi holds as resistance
As long price fails to break the Hi, look for selling opp on LH formation
Expecting price to test the previous high, good setup
Short setup as long price does not break the Hi short term trade
EUR/JPY price failed to hold at the weekly level for the retracement so where we are right now and how you should approach this pair. if price come back into it then I fav retrace and that will possibly be a bullish H4 nice variation otherwise a LH at weekly level can result in a meltdown to next level as mentioned on this chart