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JLJ002500

EURJPY - S.T. bullish move could create a nice short entry

Short
Euro / Japanese Yen (FX:EURJPY)  
JLJ002500 Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators EURJPY
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4
trendanalysis chartpattern indicator eurjpy
EURJPY has some gusto as it strongly moves up to the top of it's consolidation range. It's currently overbought on short time frame charts. As long as resistance holds, a short entry opportunity could present itself shortly. I'm watching for a strong price rejection to go short. At current price, any bearish move could signal a short entry, however the yellow box is the ideal area for the bears to take over.


1D:
snapshot

Trade closed: target reached:
Target reached. Nice profit.

Short @ 134.072
TP 133.377

snapshot
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