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.
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