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Nicemate
Dec 28, 2016 10:21 AM

EURJPY still in consolidation but close to short Short

Euro Fx/Japanese YenFXCM

Description

FX_IDC:EURJPY is still in consolidation of its bullish trend but a harmonic figure could be in formation with a potential short. The problem is where to place your stop, in this scenario.
The only potential setup would be shorting at the smaller harmonic completion (123.680) with a stop loss just above previous high and a first target at main support. Second target would be at 118.83.
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