short EJ after test of previous structure

Euro Fx/Japanese YenFXCM

Description

⋅ Mar 16, 2015 5:08 AM

see chart for details -
EJ is in a downtrend and recently broke thru resistance at 127.7xx.
this has no been retested and further down trend can continue.
SL at top of recent bounce, and TP at weekly trendline and pivot S3 confluence, around 123.350

good luck!

EJ short

Comments

mcpeacocks

⋅ Mar 22, 2015 10:31 AM

unfortunately the FOMC meeting threw this one off a bit and didn't follow the plan.
on to the next trade!