Trade Ideas Educator: EURJPY Crab

On the daily chart and the 4-hourly chart, it is a bearish setup and this timeframe it is a bearish setup.

EURJPY now present a counter-trend trading opportunity below the PEZ. Yes, it is still valid for this instance as long as it doesn't break and close below the blue box I've plotted.

It all depends on how the market open and if the reversal occur, if it does, traders who missed the higher timeframe shorting opportunity may just have a better price entry for a short.