EURJPY Watch for a Pullback to the Reistance Level

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Price has broken below the sliding parallel, of the downsloping median line , having acted as strong support previously. For the upcoming week, we should watch for a pullback back to the parallel which most likely is going to act as resistance this time. Any sell setup completion at the parallel will be a very nice sell opportunity. A nice level to aim is the sliding parallel at around 1.11900. From there we may watch for price action before buying the market.

Overall I wait for EURJPY to be bullish , but taking short trades in both directions, when everything is set up is absolutely fine.
评论: Price reached the sliding parallel and we may start watching for a sell setup completion
评论: Price reached the expected level. For those who entered with a sell setup at the resistance, it's time to exit the trade.
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Fxprotrader Heelfan23
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@MDTRADE, Thank you :)
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