MitchellShoesmith
Short

EUR/JPY - POSSIBLE SHORT

FX:EURJPY   Euro / Japanese Yen
Potential short setup on EUR/JPY             , we have had breakout of the ascending triangle which seemed to trap price just below resistance level of 1.23200-1.23400 where the bulls couldn't get a close above on the daily closed. Now we have had a breakout to the downside, and a re-test of the ascending triangle there is potential for a short setup on the 1H time frame.

Entry will be triggered if we get an MA crossover, and a break out the counter trend line .

I will most likely wait until Monday open to enter this move now as we only have a matter of hours before market closes.

Hope everyone had a great week.
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