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timmynorin
Sep 29, 2016 5:01 AM

EURJPY 4H Short Setup Short

Euro Fx/Japanese YenFXCM

Description

We have lots of fun stuff going on here. Price is heading into previous structure and resistance zone which have proven itself several times in the past. We have a bearish gartley just about to reach its D completion - which in turns comes very close to the previous, broken, bullish trendline which also should act as resistance.

Looking at the hourly we've also reached a overbought condition. And to tie things up we have a nice round number in our favor - 114.000. Which also is my entrypoint!

Happy trading!

Trade active

Target adjusted for A-D leg 38.2 fibo

Trade closed: target reached

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