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benjamintrades
Apr 17, 2020 9:51 AM

EURJPY Short - Bearish Close - Break of Support - Descending Tri Short

Euro Fx/Japanese YenFXCM

Description

Been eyeing EURJPY for some days now. Expecting a drop and therefore a break of the support around this area. We've printed a descending triangle that will support this theory. With my expectation on the yen being making gains this week I am currently shorting this as we've now seen a bearish close of the 4HR. I think this may be the start to wave 3 also.

Target 1 - 116.27
Target 2 - 115.27

Stop - 117.00
Comments
Charl13Scrutton
Looks perfect, I'm liking your analysis
benjamintrades
@CharlieGeo, thanks, how are you finding tradingview after your first few days on the platform?
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