EURJPY at verge of breaking Wedge to fall.
We can see the distribution Phase as its consolidating that means it may start to fall if it breaks downward. So lets wait for the breaking of this wedge and we can ride it to book our TP. Another bearish divergence have formed on RSI indicating to be fallen soon (divergence on RSI always indicates us prior to the price action).
Note
ENTRY (Sell Stop) - 160.516STOP LOSS - 161.873
TAKE PROFIT - 159.189
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.