Short setup I have on EURJPY.
As you can see price has broke and closed below the previous higher low confirming to me my bearish bias. As well as this the trend line has been broken and MA’s have crossed to the downside. After price closing as a inverse hammer on the daily I am now expecting price to pull back to resistance confluent with the 50 fib level where I will be looking for an entry short! Keep a look 👀 out for price action around 125.0 this is a key level that I’m expecting price to fall from 📉. 123.800 is my target for this pair by the end of this week.