Eurjpy has leave the strong supply zone at 130.66 and 130.44 and also it have classical bearish divergence at the new demand zone. Now we take the short postion at 130.45 with the stop loss of 131 targets 129.80 and 128.50
eurjpy has broken on upside and looking to touch 131.600 easily.
Levels to be looking for entry 1. Double-top within structure 2. 3rd Test of the structure boundary Entry Signals to looks for 1. Engulfing (after price breaks the above mentioned level and reverses) 2. Pin-bar (after price breaks the above mentioned level and reverses)
Sell after broke below trendline and rectangular support in 5mins time frame
View: EURJPY may unfold into impulse structure and there by giving an opportunity to trade wave 5 setup ;provided price doesn't breach invalidation point.
ascending triangle pattern , bullish pattern