Sell Limit on EURJPY once price hits 125. - Expect the fakeout!
Greetings traders! It's Sunday Funday and I'm back to present to you an excellent trading idea for EURJPY.
As we can see on the chart we have a strong resistance at the 125.00 level. I highly doubt that this pair will break past it, so we will look to sell it from 125.070 all the way down to 123.690, an area of strong support. Stoploss is 30 pips up at 125.370.
It's can sometimes be that easy! It doesn't have to get complicated - KISS - KEEP IT SIMPLE, SILLY! My charts are setup very basically, I chart out supports, resistances, trends and price patterns.
Until next time!
-ForexNick
As we can see on the chart we have a strong resistance at the 125.00 level. I highly doubt that this pair will break past it, so we will look to sell it from 125.070 all the way down to 123.690, an area of strong support. Stoploss is 30 pips up at 125.370.
It's can sometimes be that easy! It doesn't have to get complicated - KISS - KEEP IT SIMPLE, SILLY! My charts are setup very basically, I chart out supports, resistances, trends and price patterns.
Until next time!
-ForexNick