EURJPY waiting for the sell setup trigger

Dec 27, 2020

Hello everyone, if you like the idea, do not forget to support with a like and follow.

on DAILY: EURJPY is sitting around strong resistance in blue so we will be looking for sell setups on lower timeframes.

on H4: EURJPY is forming a head and shoulders pattern. (not complete yet) so we are waiting for the right shoulder to form and then enter sell on the neckline break downward.

Trigger: Waiting for a momentum candle close below the gray area/neckline to sell.

and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.

As price approaches our lower green support, we will be looking for buy setups.

Good luck!