EUR/JPY - SHORT

B:-
• WEEKLY
- Price action showing clear indication of weakness in the market with the clear sideways consolidation for the last few weeks now, which shows their is a weakness in bullish momentum in the market, which in turn suggest potential decline towards the overall long term bearish sentiment that the weekly T.F Has
• DAILY
- This is where it gets interesting that on the daily timeframe we can see clear signs of consolidation in the market, which was presented on the weekly but now in a frame of a market range. (Weakness) / (Reversal)
• HOURLY:-
- Breakout of the market range, 8H Printing Bearish engulfing / Daily currently printing a shooting star rejection / LWP (Long wick pattern)

L:-
• Level being traded here is 120.400 which is a intraday level
• Targets are based upon the size of the range breakout, which also aligns with our institutional region

S:-
• Signal being use is 8H Bearish engulfing, which confirms our overall sentiment of (Bearish)

R = 10%

R.R = 2.01

(Trading Journal)
- Trade at your own risk, this is just for me to keep track of my trades and performance