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Fiiyat
Jun 4, 2015 7:26 AM

***EURJPY SHORT SET UP*** 4 JUNE T=137.00 Short

Euro Fx/Japanese YenFXCM

Description

1. Daily Supply Zone that broke a strong weekly trend line @141.00 handle.
2. Golden ratio (61.8%) potential bounce from strong resistance @ 141.00 handle.
3. RSI in extreme over bought levels.
4. Potential pull back to Daily trend line 3rd bounce or break.
5. Potential pullback to key support/resistance level @ 137.00 handle.

Waiting for bearish candlestick patterns on smaller timeframes at 141.00 level i.e double top, bearish engulfing, ect.
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