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Euro / Japanese Yen
Short

EUR/JPY shorts

By GIBBSXAU
Updated
This pair has been in a downtrend since the beginning of June (check D1). I'm following the trend with this one and going short. Price has been creating lower highs and lower lows consecutively for hours. JPY has been showing significant strength today, with the sell side of the market showing large buying volume on the Japanese Yen, and large selling volume on the Euro. Majority of retailers are long on this pair. I've identified some support zones that I intend on securing partials at when we show blatant rejection. It is also my intention to swing at least one position to my 4th target (130.650). 1:2.5 R:R.
Comment
TP1 hit.
Comment
TP2 hit.
Comment
TP3 hit.
Trade closed: target reached
TP4 was successfully hit.
Chart PatternsTrend Analysis

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