EURJPY SELL SETUP

6 thg 7, 2020

Looks to be in a Daily downtrend however price has been in a H4 uptrend and reached a key zone which is also in confluence with our fib golden zone. Price has touched the zone and started to bounce away with a couple of bearish candlesticks as momentum looks to be shifting to the downside. I've entered after the second candlestick closed as a bearish engulfing candlestick on the H1. For a safer entry could wait for further confirmation once it has broken the next support level. I've set stop above zone, and will be targeting extreme low's.