EURJPY: Your Detailed Trading Plan 🇪🇺🇯🇵

٢٢ نوفمبر ٢٠٢٢

EURJPY is trading within a falling channel on a daily.
I am looking for shorting opportunities from its resistance line.

My plan is the following:
I will patiently wait for a test of the underlined red area,
then, I will look for a breakout of a support line of a rising wedge pattern on 4h time frame.

Once the candle closes below that, I will short expecting a bearish continuation to 144.5 / 143.8.

Alternatively, a bullish breakout of the resistance of the channel on a daily will intiate a bullish move.

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