EURJPY On Key Level Again! Trading Plan
EURJPY once again is testing a key daily resistance level.
on 1H the price set a sequence of lower highs forming a classic descending triangle formation with horizontal support.
to short wisely wait for a bearish breakout (1H candle close below) of the underlined horizontal support.
then sell aggressively or on retest expecting a bearish continuation.
Target levels:
122.8
122.2
stop is above the last lower high.
if the market closes above the last lower high, triangle will be invalid.
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.