EURJPY SHORT SWING DOWN TO 119.00 TESTING FLASH CRASH

The EURJPY BEARS has been pushing the price down for awhile now and it has maintained itself below the outer TL. Last week the BULLS made a push to bring the price up to the 123.50 level only to be rejected again, The ADX has not reached a exhausted level giving a little more room to the downside and the Stoch RSI is in the SELL zone and has giving a entry at MARKET, targeting the 119.00 level (flash crash low) down to the 110.00 level. Stop should be placed above the swing high at 123.50 which gives an initial ratio of 1:2 with more room to the downside.

CAUTION: If the BULLS make a push before it hits the 119.00 level especially before JPY news this upcoming Thursday might be a time to take quick profits on the way down to these levels

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Trade active:

Im still active on this trade there was a beautiful CTL break to the downside I am targeting 79.00 to 75.50 area with the JPY just getting into the SELL zone you can be patience and let it ride out