Forex Trading Updates: Eurjpy rejecting the trend line

Eurjpy now looks like a perfect trading setup for going short, because of resistance 119.00 area the pair tried to break it several times but failed to do so.

So now we will wait for the daily closing of the pair below this trend line and after second re-attempt on this trend line, we will take the short trade with 119.10 Sl and  116.70 Take Profit.

Take the trade after all the precautionary measures of risk management and try to risk only 2% of your total equity on the trade.