Wednesday, 6 April 2016

EURJPY

EURJPY
This pair is in an overall uptrend.  It's is currently in another retracement.

Wait for entry signal - break of the counter trendline.  When this occurs,  Traders can enter two positions:
1. Position one: enter Long with Stop 10 pips below current low and Limit  at 1: 3 Risk Reward ratio,
2. Position two: enter Long with Stop 10 pips below Fibonacci A (at 123.01) and Limit at 10 pips before the 1.618 Fibonacci extension (at 129.03)

To your trading success,  Fx-Kalapanzy

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