Thursday, 21 April 2016

Forex Price Action | EURJPY 18 pips 2016-04-08

#EURJPY +18 pips 2016-04-08 | 1 min Trend Trade

EURJPY is retracing after moving down. It has come back past the S1 And S2 boxes on the 1 minute. Chris ideally wants it at the R3 but it stall before that so he enters. The trade takes a while to come to fruition but it never really goes against the entry. This allows Chris the confidence to hold the position and use the momentum from the trend down to kick in to bring him pips. This pays off nicely as price works its way down to give him +18 pips from the trade.

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from 24HR Forex Trade Room