Trafficlighttrader
Short

EURJPY - Shorts only

FX:EURJPY   Euro Fx/Japanese Yen
113 0 0
Going to take a swing at EJ             after we have cleared the yellow rectangular support zone and the confluent 0.5 fib level, thus it shall become a good resistance, decreasing our chances of our stop loss being triggered. Targeting the green rectangle first (immediate support) then my second target shall be the added range, confluent with a support level .
Again, price has been consolidating the past three weeks prior to the resumption of heavy selling.
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