Reached the top of the ascending channel structure, we can now look for SELL setup & possibly hold the position for few weeks, allowing it to dip to the downside. Now waiting for indications like 1H retrace candle or evening stars to get into the trade & manage it promptly.
Trade closed manually
Beyond projection, EURJPY showed impulsive move to the upside to finish descending channel in higher time-frame. I will soon post another idea on the daily chart to address it.Trade active
Since prices now retraced back to the bottom of the structure, I would recommend keeping SELL positions & waiting it to reach TP1.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.