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RF1508

Trading Renko and Donchian channel

Short
Euro / Japanese Yen (FX:EURJPY)  
RF1508  
FX:EURJPY   Euro / Japanese Yen
EURJPY jpy Donchian Channels (DC) renko
1
0
eurjpy jpy donchianchannels renko
If euro/jpy breaks the 134 resistance it has completed an ABC structure within the donchian channel.
Below 134 target is length of the AB leg.
Bit risky with al the euro / Greek news now.

If the 134 does hold I'll go long and target 135.66

Update: Due to Euro news indeed euro bounced back up significantly.
Made a loss on this trade.
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