EURJPY > Strong Sell Setup Might Come Soon!!

Analysis on #EURJPY

The EURJPY may soon reach a major key resistance level near 131.00-131.500 where the market always fell to the downside and just above this level at 132.00 another strong structure resistance level which I prefer.

Trading Plan:

>> If the EURJPY continues upside and tests my first selling zone I will look for a rotation pattern on the lower time frame to get in short trade with good reward to risk if the rules are met.

>> If the EURJPY continues upside and did not show bearish behavior at the first selling zone I will look for a rotation pattern near my selling zone number 2 on the lower time frame to get in short trade with good reward to risk if the rules are met.

⚡ Be aware due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.

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Thanks for your continued support!
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Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*