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cheminacci
Jun 1, 2016 10:24 PM

Still Bearish on EURJPY Short

Euro Fx/Japanese YenFXCM

Description

EURJPY has been trending down for a while now, and has slowly been diverging away from the major trendline. Afterthe formation of a strong secondary trendline, the market has been putting in lower lows, and has recently formed a double top at the boundary of this secondary line. It looks as if the pair is head down towards the 119 levels, with stops above 124.00.
Comments
UnknownUnicorn170976
You gone trade that double top as a 2618
cheminacci
Yeah probably so. Too late to get in now, so I'll wait for a better entry
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