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UnknownUnicorn772665

EURJPY Short Trade *Complex Trend Continuation*

Short
Euro / Japanese Yen (FX:EURJPY)  
UnknownUnicorn772665 Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis EURJPY euro jpy shorttrade Fibonacci Retracement
5
0
trendanalysis chartpattern waveanalysis eurjpy euro jpy shorttrade fibonacciretracement
Although it appears quite choppy, EJ has made a lower low on its last wave down on this timeframe. I am therefore looking at the current rejections of daily R1 and the fib 0.618 level as a lower high.

I am shorting at the 121.00 key level and looking for a quick 4:1 RR trade down to new lows at 120.00

Price could break lower than that by I will manage to if/when it gets there.
Trade active:
Entry @ 121.00
Trade closed: stop reached:
Stop loss triggered this morning after the overnight JPY and trade war news.

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