EURJPY - POTENTIAL SHORT ENTRY

EURJPY OUTLOOK

Price trading inside bearish channel and has formed a bearish flag pattern which potentially indicates a bearish move to the downside.
If it reaches the pivot key level point, there might be a potential opportunity for a sell.

We had already marked the Key Level, but will make sure to look out for the price action before making any entries.

Impulse Short entries can be taken once price rejects that region.

We had our sells set up with potential downside in the R:R ratio of 1:4.