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EURJPY 4H Channel Trades

Euro/Japanska yen (FX:EURJPY)  
Tradingstrategyguides  
FX:EURJPY   Euro/Japanska yen
Trend Analysis Chart Patterns resistence Descending Channel 50sma 100sma rsi_divergence
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trendanalysis chartpattern resistence descendingchannel 50sma 100sma rsi_divergence
Pair is in a descending channel. If price breaks long TP is previous resistance @ 134.40. My bias is short. Price bounced off top channel trendline. There is divergence in rising price and falling rsi. Macd is over-extended long. To confirm bearish move watch for lower lows and lower highs on 15m for entry.
50 sma 1st TP short.
100 sma break short is 2nd entry
Bottom of descending channel trendline is 2nd TP.
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