( sell limit placed ) week41 EURJPY start of H4T via multiday 1234

D1

D1 line chart shows EURJPY possibly a bull trap has been formed. Last week was a bearish expansion week that closed below a 6 weeks high. Also, It day closed below 2 x d1 line chart S.

week41 EURJPY D1 wr6b 071014

h1

I will be looking to play off this potential H4T via a multiday 1234 should it WR. The R n fib levels confluences nicely near the top of a projected bear flag and i hv placed sell limits there.

Once WR, I will be looking to add on.

Crucial for this topping out will be to monitor for testing of the d1 line chart on h1. I will also be looking out for some smallish distribution pattern at ard pt4.

week41 EURJPY h1 multiday 1234 071014

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