TradingEW
Short

EURJPY short setup

FX:EURJPY   Euro Fx/Japanese Yen
209 2 3
Setting up for a wave iii             (orange) down of a 5th wave ...... soon, near 0.6182 retracement @ 138.26,
EW type stop loss @ invalidation where it breaks upper channel line.

Related Ideas

Lesson learned - Was waiting for full 0.6182 retracement before going short, while minor wave count revealed wave (c) of ii already
completed short of 0.6182. Now entered lower with target 1.6182 x iii @ 126.62 holding.
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EURJPY moving on declining on an impulse wave iii.
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