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Amir_El_Araby
Jul 22, 2014 12:16 AM

EURJPY: Renko double top in play!  Short

Euro Fx/Japanese YenFXCM

Description

Chart Setups:

1- The clue for short-term traders resides at 136.20.
2- SMA50 started to cover the recent bearishness as well.
3- Soft Target is 132.50 followed by 131.60.
4- Using sell stop order at 136.10 could be better.
5- In case of activation, place your stop loss at 138.85.

Amir El-Araby
E-mail: aburodayna@gmail.com
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