On EURJPY M30 chart, a channel and triangle is forming up. Price has already broken the triangle above but is midway the channel.
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| EURJPY M30 |
I will be looking to enter short on test of channel's upper trendline.
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| EURJPY Daily |
On daily chart, pair looks topish here. Price is still constrained within a larger rising channel. Currently price is testing upper trendline of channel and is bouncing south so far from previous highs.Also looks like its forming up a double top here.
So I will be looking for any spike as a opportunity to enter short positions.
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