EURJPY is trading within a falling channel on a daily.
I am looking for shorting opportunities from its resistance line.
My plan is the following:
I will patiently wait for a test of the underlined red area,
then, I will look for a breakout of a support line of a rising wedge pattern on 4h time frame.
Once the candle closes below that, I will short expecting a bearish continuation to 144.5 / 143.8.
Alternatively, a bullish breakout of the resistance of the channel on a daily will intiate a bullish move.
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