EURJPY Sell Opportunity

On higher time-frame, price is making discrete lower highs and lower lows. Price is now going up in the price channel. Price is now about to touch the bottom trend-line of the price channel for the 4th touch. This can bring about a clean break to fall lower. We also see that price is unable to close above 125.5, which is a psychological level. Price seems to be running out of steam as there are several spinning top candles. This trade gives a nice ratio of 2.5:1.