dojitrader
Short

Potential ab = cd sell

FX:EURJPY   Euro Fx/Japanese Yen
84 1 0
Fairly strong resistance at 133.70 so anything over .618 retrace sends this idea to the dumper
Since I can count what looks like 5 waves up in either an A or 1 leg I'll be looking for a bearish candlestick
signal to trigger an entry. I'm skeptical on this one as this could be a correction of larger degree.
To the dumper it goes ! When EurJpy broke the uptrend line from the ending diagonal since June on the daily chart I figured we had 5 or 6 big figures down. This seemed to me to be one last hope.Now that it is back into the range and humbled all the bears perhaps it will test the top line @ 135.50 or so. Win or lose: it's on to the next trade.
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