tonitrader
Short

EURJPY short, descending triangle

FX:EURJPY   Euro / 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