EURJPY Topped Out

EURJPY has placed a double top in June 2022.

Since then price has tested , pulled back and then broken a major support level.

Sentiment is Bearish as price is below both the Kumo Cloud and the 50 EMA.

To enter a short trade

1. Entry = in the zone 1.37-1.38 . Confirmation with bearish pressure ie. double top on a lower time frame 1hr or 4 hr.

2. Stop - use the LTF ATR

3. Target - the next major swing support 1.32 - 1.33 level.