Eur/jpy sell Probably it will make fakeout then continue down, i will lose this trade . Risking 2% as always lol.
* Multiple touches on daily trendline * Test on 78.60% fib * 4h wicks (Price tried to break 78.60% level 5 times and didn't succeed) * On 1h timeframe we have bullish structure, price is consolidating in bullish triangle pattern. When to enter? - When price break triangle/structure on 1H tf + price closing below 78.60% fib level on 4h timeframe.
4H - the price was in an uptrend and then broke the trend and now we can see price making LL and also testing the support zone or 0.71600 level. - If price break 0.71600 and retest successfully I would be looking for sells.