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