EURJPY - Bear Flag breakdown, short on retest!

Hi traders, another setup on my radar is EURJPY.

Last Friday, it broke down below a bear flag.

My bias has turned bearish for now.

Next I will look for a retest of a strong SNR zone to short.

I identified that zone at 121.90 which is a previous SNR zone and a potential HNS shoulder level.

I will be entering this setup on a pending order as it is a with the trend setup.

These are my levels.

EP: 121.90
SL: 122.70 (80)
TP1: 120.50 (140)
TP2: 120.00 (190)

Good luck and good trading all!

Order avbruten:

Price gapped down on Monday, did not get to execute my short setup. On to the next trade.