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FOREXEL

200 and 100 MA play about to start shortly

Short
Euro / Japanese Yen (FX:EURJPY)  
FOREXEL  
FX:EURJPY   Euro / Japanese Yen
4
3
Will go short as the Euro get close to the 200 MA and as it reach the top inner trendline.

Have 2 downside targets and roughly a 100 (ish) Stop loss

The MAs is my main compass for this as well as many other trades. Not that I let those be my main compass but people do tend to head for them..so it works nicely.

Happy trading
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