eurjpy short for 100PIPS1. Trend and Market Analysis
Trend: Verify that EUR/JPY is in a clear downtrend, using moving averages or a trendline. If recent price action has been bearish, that would support a short setup.
Support and Resistance: Identify resistance levels above the entry to minimize risk if price reverses. A good entry would ideally be around a recent peak or just below a resistance level.