I posted EURJPY Swing Short setup as follows.


The price retraced up to Fib78.6%.  So I was worried a little big.  But the result is…  the price nicely dropped and made a new Lower-Low. (See below)


So if you are already shorting, congratulation.    If you want to short this again, I have indicated the possible sell zones above.

Let’s magnify.  Below is M15 chart.

We can sell from Fib38.2-61.8%.  (Sell from WPP is the optional)


The targets are

a) 134.70 ish (Fib 0%)
b) 134.13 (DM1)
c) 133.94 (WM1)


FYI, the candles are nicely pushed back down by the clouds on Ichimoku.





Hope you find this posting interesting.



YJ Baik – Forex.Today @ Tokyo






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