FX:EURJPY   Euro Fx/Japanese Yen
EJ             is obviously in a long term down trend and in a consolidation phase and previously unable to break an hold strongly below 1.12.
it is now again approaching two downtrend lines. placing a small sell order close to most recent high and target 1.12 initially. if it breaks trhough there are potential further pips to be made. this initial trade has RR of 1:2.6
Comment: zoom in on 2hrly chart to determine entry on bearish confirmation - rejection, double top, overbought, etc
snapshot
Order cancelled: wham, straight through that trendline... will be look at PA around 116.25 levels for a short back to the trendline around 115
snapshot
Comment:
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that appeared to have been a false break out.... looking nice now. perhaps enter on a retracement....
Comment:
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plotting along nicely :)
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