EUR JPY short:
(1) the trend is down given the last swing downwards
(2) indecision candles on the hour and 15min indicate that the 132.50 is seen as a significant level.This level also corresponds to the 0.382 fib retracement.
(3)Candle stick pattern on the 15min to " confirm" the above.
Target is for 132.00 initially. Although 131.50 (1.618 extension) looks appealing but let's not get greedy :)
Let's see how it goes
(1) the trend is down given the last swing downwards
(2) indecision candles on the hour and 15min indicate that the 132.50 is seen as a significant level.This level also corresponds to the 0.382 fib retracement.
(3)Candle stick pattern on the 15min to " confirm" the above.
Target is for 132.00 initially. Although 131.50 (1.618 extension) looks appealing but let's not get greedy :)
Let's see how it goes
Kommentera:
My apologies the stop is at 132.55
Kommentera:
Stoped out :( back to the drawing board