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Nathan2212
Sep 15, 2014 4:46 PM

EURJPY  Short

Euro Fx/Japanese YenFXCM

Description

Shorting Eurjpy even after extended trend to upside in recent days. Price came close but did not reach 139.285 area of resistance and I think sellers will take control for now. I also notice price has attempted to reverse to the downside arguably 3 times on the 4 hour chart (not giving a normal correction) and in my experience a 4th attempt to reverse as it is now can lead to a large momentum move...
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