charts247
Short

EURJPY INTRESTING STRUCTURE SETUP - SHORT!

FX:EURJPY   Euro Fx/Japanese Yen
8 months ago
We have been watching this pair closely from last week when it broke the structure 126.09 to the upside. Immediately the price traded back below the structure. Since 15Th March 2016, the pair have been trading this major struture and unable to break above with any purpose.
Technically we are short the pair from 126.04 with a low risk.
We are expecting price to break the 125.00 barrier before a quick slide.
Stop is 126.70
1st Target is 122.44 A break below this area with momentum is a proper structural failure and we will hold on to this position for as long as we can.
NOTE: The 126.09 is the weekly structure which was broken on 18th January 2016. A retest has already been confirmed and the only option here is to short the pair.
GLT             and trade with care!
I will be updating this trade so you can follow me on twitter @charts_247 for update and more trade ideas.
8 months ago
Comment: Slowly but surely price is trading lower before the close of today. We will keep the short!
8 months ago
Comment:
snapshot

Price have tester the tructure 126.09 gain without staying above. We remain short and expect more lows in the pair.
FernandoMartini
8 months ago
Agree. im shorting it also.
Reply
charts247 FernandoMartini
8 months ago
nice!
Reply
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