EURJPY once again is testing a key daily resistance level.
on 1H the price set a sequence of lower highs forming a classic descending triangle formation with horizontal support.
to short wisely wait for a bearish breakout (1H candle close below) of the underlined horizontal support. then sell aggressively or on retest expecting a bearish continuation.
Target levels: 122.8 122.2
stop is above the last lower high.
if the market closes above the last lower high, triangle will be invalid.
what do you think?