Euro / Japanese Yen
Short

Possible Short Position for EUR/JPY_Trade Plan 2017.06.13

75
snapshot

D1 still shows the overall trend is up.
However, for the last 1 month, price is moving sideways within range 122.932-125.816.
As we can see, price already formed 3 highs on the top of the range with the 3rd High is weaker then previous 2 highs.
Currently, price is hold around the bottom of the range and seems like building some momentum.
If price breaks down the range, short the market.
With Stop Loss 80 pips and Target Profit 285 pips, the potential trade offers 3.56 Risk-To-Reward Ratio.

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