EURJPY / H1 : bear reversal about to happen

I just taken that short entry with a very nice sinewave + momentum signal right below yesterday's gap that we reversed and closed below. Today we retrace back to test that gap again. Apparently prices are now rejecting it.
It's time for me to reinforce my short positions with a new entry here, very limited risk as I set my invalidation level slightly above yesterday's highest price.

Target is retracing back to support in two waves, I'll take my profits at the end of wave 3 which should lead us to a 161% extension of A. Stop will be set at BreakEven when reaching the confirmation area.

Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators

Yorum:

Currently breaking out above the short zone. Signal will probably be invalidated and should take the stop loss ! A plan is plan, I'll it roll to the end !