EURJPY - Trend-Following Sell Setup!

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

EURJPY is overall bearish trading inside the bearish red channel and currently approaching the upper red trendline so we will be looking for trend-following sell setups.

This setup now reminds me of my last setup attached on the chart.

EURJPY is forming a wedge pattern in orange, for the bears to take over and start the next bearish impulse, we need a new swing low to form around the lower orange trendline.

Trigger => a momentum candle close below the last major low in gray.

Meanwhile, until the sell is activated, EURJPY cans till trade higher, and the setup will be invalidated if we break above the upper red trendline.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich