KhaleemAli
Short

EUR/JPY SHORT - Shooting Star off Trend Line/LH's & LL's

FX:EURJPY   Euro / Japanese Yen
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The pair has struggled to get past the area of resistance marked by the box just above the current level, however, i believe it will now drop below that level as it has touched the upper trend line of the descending wedge , is in the process of making a new LL hence the lower than support TP. And finally a 4HR strongly bearish shooting star candle was created at the trend line resistance showing downside potential. All in all, the pair rejected the upper trend line of the wedge , is in a downward short term trend, and created a shooting star .

TP @ 120.914
SL @ 121.707
R/R @ 1.5
Trade closed: target reached
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