EURJPY Short position analysis

Reached the top of the ascending channel structure, we can now look for SELL setup & possibly hold the position for few weeks, allowing it to dip to the downside. Now waiting for indications like 1H retrace candle or evening stars to get into the trade & manage it promptly.

Trade chiuso manualmente:

Beyond projection, EURJPY showed impulsive move to the upside to finish descending channel in higher time-frame. I will soon post another idea on the daily chart to address it.

Trade attivo:

Since prices now retraced back to the bottom of the structure, I would recommend keeping SELL positions & waiting it to reach TP1.