RussellFitzsimmons
Short

EURJPY Potential Short

FX:EURJPY   Euro / Japanese Yen
Parallel channel , possible short entry if we reject trend line resistance level and see bearish momentum building, looking at price action so far I would say this is likely to happen. We should also look to close below R2 on 4H Chart (around 137.00~) If we get this close below support then I will take the trade.

Stop above previous highs and outside of trend line . Potential zone of resistance around 136 looking at previous price action. I will check price action around this level and close the trade at a 1:1 if we reject this zone. However, If we break this level I will hold and my target will be around 135~ - a previous significant level and also is looking like it may tie in with dynamic support from my 800EMA.
Trade closed: target reached
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