Looking at the one hour chart of EUR/JPY I notice quite strong resistance at around 159.10 (the 76.4 Fib level). Below is the SELL order I’ve placed:
Sell: 159.00
Stop: 159.90
Limit: 157.80
My risk/reward is positive: risking 90 pips to gain 120. My software is Meta Trader. Market is currently @ 157.00. Let me know what you think. I’d value your feedback…
Peace,
Comfy.
Like your reasoning. However, I don’t think it will go up to 159.00 before the weekend hits.
Thanks for the heads up! I was not watching this pair! Sold near resistance @ 159.16 with a tight stop, and I sold half my size @ 158.98. Going to sell the rest in the congestion area around 158.90 here in a minute or so.
Much appreciated!
Trade was triggered and went 50 pips in our favour before reversing. I only banked 33 pips on this trade 
Glad to hear you made a nice profit. 
Peace,
Comfy.