FX_IDC:EURJPY   Euro Fx/Japanese Yen
80 1 7
I am looking to short EUR JPY after it breaks out of its channel on the downside.

The is a nice double double that formed and I am waiting for confirmation before entering my short!

Please disregard the green arrow!
Comment: There is some nice divergence on the 1 hour chart and the price is close to the top of its channel - monitoring this closely!
Trade active: Entered 2 shorts -

SL - 118.459

TP 1 -116.609
TP 2 - 115.000
snapshot


Heavy resistance above now around 118 with strong fib, and daily 200 sma. Expecting a reversal of the bullish trend as well.
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