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MarubozuTrader

EUR/JPY SHORT

Short
Euro / Japanese Yen (FX:EURJPY)  
MarubozuTrader Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis Bearish Patterns JXY ecb EURJPY eurjpyshort Engulfing Candle
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trendanalysis chartpattern waveanalysis bearish jxy ecb eurjpy eurjpyshort engulfingcandle
EUR/JPY 0.11% i am starting to enter short positions after yesterdays engulfing daily closure of last 8 days action.

See from image that the trend lines are indicating bearish momentum.

After ECB Dovish meeting yesterday we are looking at heading towards the 124.00 mark.

JXY -0.25% is also due a bounce higher off its daily bullish channel .

I will update as we go...
Comment:
we have had a 170 PIP short this morning, be sure to book some profits and bring SL to break even for other lots

snapshot
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