EURJPY SHORT IDEA

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EURJPY SHORT IDEAEUR/JPYOANDA:EURJPYPantosFXAfter spotting a High high and a lower low (LL), I draw the 0.50 Fibonacci retracement of the recent move down. This level acts as a potential area where price may pause or pull back before continuing the bearish trend. Since the overall trend is bearish, I expect price to react at this 0.50 level by rejecting upward moves and then resuming downward pressure. I watch for signs like price stalling, bearish candles, or failure to break above this level as confirmation to enter a short. This approach helps me trade with the trend by looking for continuation setups at logical pullback points instead of chasing reversals.