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benjamintrades

EURJPY Short - Bearish Close - Break of Support - Descending Tri

Penjualan
Euro / Yen Jepang (FX:EURJPY)  
benjamintrades  
FX:EURJPY   Euro / Yen Jepang
Trend Analysis Technical Indicators Chart Patterns
7
2
trendanalysis indicator chartpattern
Been eyeing EURJPY for some days now. Expecting a drop and therefore a break of the support around this area. We've printed a descending triangle that will support this theory. With my expectation on the yen being making gains this week I am currently shorting this as we've now seen a bearish close of the 4HR. I think this may be the start to wave 3 also.

Target 1 - 116.27
Target 2 - 115.27

Stop - 117.00
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