EURJPY Entry Level for Short

Price is going to reach the downtrend line and probably we'll see price reversal with further a donwward movement. It will be a short opportunity. We can place a sell-stop orders below the local swing low and 128.700 support level trying to catch this downward movement. Entry level for short trades is 128.490 with stop orders above the local swing high and the downtrend line. Profit targets should be at 127.500, 124.500 support levels. We also can use trailing-stop orders for better exit. Please note, the price reversal from the downtrend line must be confirmed by RSI reversal. The downward movement and the breakout should be confirmed by DMI indicator. ADX line will have to rise above 20 and confirm trend market conditions.