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yoosnoop

Steep Channel Short on 1HRTF W/ 12EMA

Short
Euro / Japanese Yen (FX:EURJPY)  
yoosnoop  
FX:EURJPY   Euro / Japanese Yen
EURJPY 1hr Parallel Channel Bearish Pennant
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eurjpy 1hr parallelchannel bearishpennant
after a bearish pennant, this pair broke out in response to the huge QE announcement. Since its release EUR/JPY has been respecting a steep channel, kissing low MA to meet these fast moving conditions. The dark cloud cover w/ assistance from the 12EMA gave me the confirmation to short w/ my TP at 131.033 (OLD level of interest on the Daily) Have now moved my stop loss to breakeven

Entry was : 132.629
Take Profit : 131.033
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