trading plan for euro yen: sell the breakout of the channel

5 Apr 2019

hey guys,

very interesting market sentiment on euro yen.

starting from the daily,
we see that the market is very close to a falling resistance line.
looking left we see that there is also a significant horizontal level of resistance on the left.

it gives us a very good selling zone!

on 1h chart the market is going up in a rising channel,
let the market enter our selling zone and sell the channel's breakout as a confirmation!

following this plan you will have a small risk and high reward with a high winning chance!

good luck!