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Raymond_Jeffries

EURJPY Bearish Structure Trade

Short
Euro / Japanese Yen (FOREXCOM:EURJPY)  
Raymond_Jeffries  
FOREXCOM:EURJPY   Euro / Japanese Yen
Support and Resistance Supply and Demand Double Top or Bottom EURJPY eurjpylong structure structure-trade Double Top structuretrading
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supportandresistance supplyanddemand doubletoporbottom eurjpy eurjpylong structure structure-trade doubletop structuretrading
Looking at this structure short on the EURJPY on the 60m. We have a clear level of structure looking left, price has gone overbought, there is bearish divergence with a double top. With Stops above the highs we have a pretty good risk/reward even for more conservative targets above the .50's handle. If youre more aggressive you can shoot for a lower level of structure. Not looking for a big move but just some relief.

-Raymond Jeffries
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