EURJPY short trade set up based on the 4hr and daily timeframe analysis.
- Daily chart made a lower high last week and is now pulling back to the 0.61 Fib level. - Price has rejected the daily 50ema from below - 4hr price is stalling at 125.500 key level
Targeting new lows on the daily and 4hr around 122.800
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Stopped at breakeven on this trade. Bullish momentum still present