Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on H4: Left Chart
EURJPY has been bullish trading inside the rising wedge in blue. However, it is currently approaching the upper bound acting as a non-horizontal resistance so we will be looking for sell setups.
on H1: Right Chart
For the bears to take over, and activate our sell setup, we need a break below the last low highlighted in gray.
Meanwhile, EURJPY would be bullish and can still trade higher to test the upper blue trendline.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on H4: Left Chart
EURJPY has been bullish trading inside the rising wedge in blue. However, it is currently approaching the upper bound acting as a non-horizontal resistance so we will be looking for sell setups.
on H1: Right Chart
For the bears to take over, and activate our sell setup, we need a break below the last low highlighted in gray.
Meanwhile, EURJPY would be bullish and can still trade higher to test the upper blue trendline.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich