MitchellShoesmith

EUR/JPY - POSSIBLE SHORT

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.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out