tonitrader
Short

EURJPY short, descending triangle

FX:EURJPY   Euro Fx/Japanese Yen
With point B we broke the upward trend.
Descending triangle formation
The red rectangle shows that there's much selling pressure in the market. The Stop-Loss is set a few pips above that level, but relatively high above it, because we saw high volatility lately.

There is also a certain probability of a long breakout and the triangle could also be seen as a symmetrical triangle. No real clarity about that.
I don't believe in a strong euro             in general, espicially after the decision of keeping Greece in the euro             zone. This ist I think that there's a higher likelihood of a decreasing euro             in general
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out