ARFXC
Short

Short On EUR/JPY SELL SELL SELL

FX:EURJPY   Euro Fx/Japanese Yen
Reasons for
On the 4 Hour
-We have been bearish since the trend line putting in nice big bearish candles
-We have broken our counter trend line
-We also have nice long wicks on the upside
-This shows me there is more selling pressure

On the daily
-Firstly this is a long term trade
-We can see price is down trending on the lower time frames Always go with the trend
-Price has come to our major trend line and bounced of as trend line is acting as Resistance
-Price put in a doji almost right on the trend line then a nice big bearish engulfing
-This clearly signifies to me there is alot of selling pressure at this level
-Also we have been putting in lower lows and lower highs (Clear down trend formation)

Price has always reacted from this trend line so i dont see why it wont again also following the trend this is a setup i like nice and high probability

So is it possible to put a new lower low ?
and make it all the way down too next key level off 125.00

My entry 131.045
This one is really good
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Great!
Reply
McKuz McKuz
Sorry, it's not graet, it's perfect! :)
Reply
Major profits !!!
Reply
Nice
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Hoping this one turns around!
Reply
time for correction... in eurjpy... 1.32 again.. if 1.30 not taken out.. as we have daily pin bar now in place..

Eur/Jpy Long Setup
Reply
jhakas jhakas
I think eurjpy going for 1.35 and high...
Reply
Entered a while ago at 130.348, hopefully it's not too late but still great risk/reward ratio.
Reply
Brilliant
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