EURJPY possible intaday short position

On the monthly timeframe market is testing monthly resistance, on the daily market has broke above daily resistance with a strong impulse, after a impulse you expect to see a correction, market on the daily is also over bought and over extended and we have also formed this nice W formation giving us a downside correction target, we will be dropping down to lower timeframes and waiting for new bearish structure to form before looking for one of our valid entries to short.