Based on the 4hr timeframe it looks like price making a rising wedge pattern on EURJPY. Right now price hovering below the 121.30-50 resistance area which is previos structure support.
Back then when price touch this area, sellers came in and push price back to the downside. The recent 4hr candle close showin a sign that price looks exhausted and might push it to the downside once again as stochastic also on overought condition. Sell EURJPY around 121.20-121.30 Stop loss 122.00 Take profit 1 @120.60 Take profit 2 @112.00 Take profit 3 @119.40
Operación cerrada manualmente
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i closed this trade manually as it has made a bullish pattern as well an inverted shoulders head pattern formed and price broke through the neckline