EURJPY (15min) Short setup, brief analysis

14 Şub 2017

My clues,

X-A 61.8% fibo reversal
1.618 fib extension
Overbought condition
Trend line resistance

We also have historical support and resistance zone within stop loss.

Target 1 - 0.382 fib of the leg
Target 2 - historical support and resistance zone, just above 0.618 fib of the leg.

If, however...
Plan B, if break and close above the falling trend line, I will look for opportunity to get long on this pair.

14 Şub 2017

İşlem kapandı: hedefe ulaştı

Target 1 reached, rolling stop loss to break even.

15 Şub 2017

Not

Stopped out on break even for second half