EURJPY: Potential Breakout Trade for OANDA:EURJPY by VasilyTrader — TradingView

Chart Patterns Rectangle Wave Analysis euro EUR EURJPY swing SELL short Currencies market fx

chartpattern rectangle waveanalysis euro eur eurjpy swing sell short currencies market fx

snapshot

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.

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