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jazza278

Short setup on Euro/Yen

Short
Euro / Japanese Yen (FX_IDC:EURJPY)  
jazza278  
FX_IDC:EURJPY   Euro / Japanese Yen
3
0
After breakout of previous downward wedge, retracement is happening as a new downward wedge.
Seen price rejection off previous support (Inverted hammer candles), suggests wedge pattern is still valid.
Enter now with stop above previous highs - 121.37
Profit target 118.69 at previous support.
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