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Hagvan
Mar 15, 2018 6:30 PM

Descending Triangle on EURJPY 1H 

Euro Fx/Japanese YenFXCM

Description

EURJPY approaches a multi-day support level in a steady trend, creating a descending triangle. An opportunity to go long on rejection or to go short on a breakout.

Trade active

Shorted at 7:19 (ETC), price broke the support level and retested with one candle. Target is 130.006, stop-loss is 130.639.

Trade closed: target reached

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