EUR/JPY Trade Idea

Updated
EUR/JPY Set Up

Monthly: We see a bearish Trend over the last months. Now short Trades are possible but the smaller Timeframes will show it.

Weekly: from the 15. April the chart from EUR/JPY is falling. On the 27. May is a very big bearish candle that shows firstly that the Trade will be short but secondly a retrace is highly probable. That happens last week.

Daily: We wait for a opportunity to sell the currency.

H4: The H4 Chart shows the first consolidations that confirm that the sellers get the upper hand, and the buyers are exhausted.
Trade closed: target reached
Technical IndicatorsTrend Analysis

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