PURE STRUCTURE BASED TRADE Short

Euro Fx/Japanese YenFXCM

Description

⋅ Apr 19, 2016 6:39 AM

Structure based trade with overall downtrend.
Prices is retracing back to previous resistance highs, I am predicting a sell pressure into previous structure at 122.80's . Note that RSI is overbought.

I have got a valid risk/reward on this trade.

Happy trading.

Trade closed: target reached

⋅ Apr 22, 2016 10:36 AM

Target 1 reached and Target 2 at breakeven.