In the past month we have seen the EURJPY Soaring very high, this month a correction/retracement is expected on the daily timeframe as the market have created so many in-balances between the sellers and the buyers, the price is currently on the weekly Fair Value Gap(FVG) and a reversal is imminent but the price haven't mitigated the FVG very well which may lead to another bullish movement probably called Stop hunt and finally selling off from the cliff, we can take entries with good risk management and have a very nice stop loss above the resistance trend line on 1hr timeframe (tf).. safest entry will be after the beautiful breakout of the ascending channel to the lower side..
Trade active:
we are in about 1:3.8 RR from our entry guysss. congratulations if you found this trade setup usefull