• Vasily Trader

EURJPY: Potential Breakout Trade (Trading Plan)

EURJPY is currently trading within a descending triangle formation.

wait for a 4H candle close below its horizontal support to short the pair.

next goal will be 122.0

safest stop is above the last lower high within the triangle.

remember that it is a conditional trading setup.

in case of a bullish violation of a falling trend line setup will be invalid.