Wave-Trader

EURJPY Sell the Breakdown

Short
OANDA:EURJPY   Euro / Japanese Yen
Hi there,

Here we got another good setup for more downside and if you guys remember we were longer term bearish on EURJPY from top then i hope you are in from the HILL and now looking for more downside. Lets get back to the point.

How you can trade on this chart.

1. Watch for the strong breakdown and join the fall. NOTE ( sell before the breakdown carry risk )

Or

2. Wait for the price to keep pushing for upside slowly and then look for price action at 886 or 100 percent retracement of FIB lines and then look for short from there.

This pair still has a huge potential for more downside.

Good Luck

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