EJ Bearish Setup - 10/11/2025Euro vs Japanese YenBLACKBULL:EURJPYNYP86UKHigh probability setup - Pair: EJ Monthly: Bullish (The W Pattern has been completed, and now it needs to retrace at least to 0.5 for support) Overbought Weekly: Bullish Daily: Bullish 4 HR: Bullish (Short Term Bearish) I am considering a short to medium-term bearish setup. The 4-hour chart is currently looking for demand, and buyers are expected to enter at the 175 levels. We will look for additional bearish setups since the monthly chart indicates overbought conditions and the W pattern has been completed. Given that the monthly chart shows overbought, it suggests that this pair will take at least 2-3 weeks to break down. My ultimate target for shorting this pair is down to the 164 levels, which should unfold in 5 waves on the higher time frame. For now, I plan to enter at 178.300 (I will only enter as soon as I see the entry candle), and my first take profit is at 175.050 - this is my black magic trade of the week! Good luck!