Hello traders good to be back with you for another chart analysis for today’s trading session. EURJPY- This is another 1 Hour chart. Well today we have the daily chart is still bearish and approaching the 200 ema. You can see on this chart where we are also approaching the resistance level if you look left of the chart so I am looking for a sell trade. I have placed a trend line that I would like to be taken out to the short side. Once the trend line is broken and we have a bearish candle below the trend line I would like to short this pair at about 135.18. The take profit would be the 200 ema at 13460 area. This looks like a very good trade if we can get the price action to movie in our trading direction.
Thank You Traders and Talk Soon ……. William