See daily chart of EURJPY below for the discussion that follows.
Over the last couple of weeks EURJPY has started making lower highs and lower lows… this past week it broke most recent support (making another lower low). I will look to go short should we get a bounce to resistance (prior support), and I see price action / candles as per my strategy.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.