EURJPY - Possible SELL Opportunity. (Short term trade)

27 apr 2020

EURJPY

This is a little bit risky since the price action formation it self is forming descending channel on the DAILY TF and another descending channel on the lower TF (H4, H1). In short, it is forming a "Channel within the channel" so it has the possibility to reverse. But on the other hand, it might give us a good risk and reward ratio and 1% of the capital is worth the risk. Much better if we wait for bearish engulfing candle for a better confirmation.