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AlexMichael

Short Opportunity [EUR/JPY]

Short
Euro / Japanese Yen (FX:EURJPY)  
AlexMichael Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Technical Indicators
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trendanalysis indicator
Trend line rejection.
Significant fib level.
Ranges above the 50 MA with shorter legs up each time and further below the 100 MA each time.
Comment:
Tried to get the perfect entry, paid the price. Analysis was correct though, next time will be more conservative of where we take the position from when it has a high chance to pull down.
Comment:
And that is why you put the stoploss above the previous high folks, thought we were a goner on this one but we came through in the end.
Trade closed: target reached
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