timmynorin

EURJPY (Daily) Bearish suggestion

Short
FX:EURJPY   Euro / Japanese Yen
Completed ABCD with close BELOW falling trendline.

Ive been eyeballing this area for some time. My targets are as shown on chart.

Lets see if we can pull some pipage out of this.

If, however, we break and close above I will look for long entry.

Entered at 122.279

Stops above previous high
Comment: Target 1 is smashed, 105 pips deep at the moment! Moving stop loss to break even for remaining position.
Comment: You can find more successful entries I took on this pair on next charts. First entry stopped out for small profit after hitting target 1 and booking some profit off of that.
Comment: All three targets hit, good one!