D1 line chart shows EURJPY possibly a bull trap has been formed. Last week was a bearish expansion week that closed below a 6 weeks high. Also, It day closed below 2 x d1 line chart S.
I will be looking to play off this potential H4T via a multiday 1234 should it WR. The R n fib levels confluences nicely near the top of a projected bear flag and i hv placed sell limits there.
Once WR, I will be looking to add on.
Crucial for this topping out will be to monitor for testing of the d1 line chart on h1. I will also be looking out for some smallish distribution pattern at ard pt4.