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Mandeep.Singh
Oct 18, 2016 5:40 PM

EUR/JPY- Trend Continuation Trade Short

Euro Fx/Japanese YenFXCM

Description

Short on this pair -

1) Clear downtrend with lower highs
2) Formation of a descending triangle showing selling pressure.
3) Price action showing bearish momentum with engulfings.
4) Break of a key support level where price rejected numerous times.
5) Bearish candle failing to close above key support line.

Comment

120 pips in profit, SL moved to BE.
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