EUR/JPY SHORT - Shooting Star off Trend Line/LH's & LL's

The pair has struggled to get past the area of resistance marked by the box just above the current level, however, i believe it will now drop below that level as it has touched the upper trend line of the descending wedge, is in the process of making a new LL hence the lower than support TP. And finally a 4HR strongly bearish shooting star candle was created at the trend line resistance showing downside potential. All in all, the pair rejected the upper trend line of the wedge, is in a downward short term trend, and created a shooting star.

TP @ 120.914
SL @ 121.707
R/R @ 1.5

Trade chiuso: obiettivo raggiunto