Euro / Japanese Yen
Short

JPY to Break Resistance? - EUR/JPY Ichimoku Short Trade Setup

99
Price has slowly been trending toward and we've stalled out a bit here.

We can see kijun sen has gotten a bit flat, but I am looking for a break of price structure to get into a short trade.

I've also drawn out some important levels to aim for a long the way to our price structure target.

That test and close below our entry level is what will help me decide whether or not get short.

We have a pretty decent risk to reward with a stop being set at kijun sen. If we fail to get that break of price structure this setup may become invalidated.

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