TheSignalyst

EURJPY Sell Setup

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FX:EURJPY   Euro / Iene Japonês
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on H4: EURJPY is trading inside this big channel in blue, so we are overall bearish here and we will be looking for trend-following sell setups on lower timeframes as price approaches our upper blue trendline.

on H1: EURJPY is forming a trendline in red (not valid yet) so we will be waiting for a third swing to form around it to consider it valid and then sell on its break downward.

Good Luck!

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