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Sascha_Gogolin

Pre-breakout structure

Short
Euro / Japanese Yen (FX:EURJPY)  
Sascha_Gogolin Updated   
FX:EURJPY   Euro / Japanese Yen
pre-breakout breakout breakouttrading priceaction shortsetup
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pre-breakout breakout breakouttrading priceaction shortsetup
The correction following the last strong sell-off has taken the shape of a pre-breakout structure indicating that the sellers are planning on taking this pair further south.

First potential target is 122.000 followed by 120.000
Trade closed: target reached:
First target reached. SL moved to break even and 2nd position stopped out at BE.
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