Fxprotrader
Short

EURJPY: Watch For A Sell Setup At this Level

FX:EURJPY   Euro / Japanese Yen
Price is clearly moving in a corrective structure, probably forming B wave of an ABC pattern. I believe we may have another small upmove to a level where we meet a slide parallel of a downslope median line , the 0.382 fib level of wave A and previous structure. At this level we may watch for a sell setup to complete.

Remember you should always trade the markets with a stoploss in place. Rule No 1 of any strategy should always describe where you should place your stoploss. Read below using the links why it's important to trade the markets using a solid strategy.

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