EURJPY on daily uptrend channel broke.

Jul 10, 2022

We have EURJPY on the daily chart, we clearly see a really good uptrend channel that just broke on the previos week. We can get the idea of a possible retest of the channel and also the lower low level from the wick. I would wait for confirmation once it reaches the 140.000 and get a nice red candlestick showing the reversal.

Jul 12, 2022

Trade active

We can see that it didn't fully do the retest into the resistance area but we did get a nice rejection wick making it a solid indicator that is going down. we are in deep blues with this trade.