POTENTIAL TRADE: EUR/JPY
This currency pair is currently experiencing a down-trend. As it broke below the key psychological level of support at 120.0, many buyers realized losses. Thus our bias on this pair is to trade it short. We will wait for a pullback to the 120.0 region before entering our short positions.
TRADE PARAMETERS:
Entry Price - 120.0
Stop Price - 120.7 (70 PIP)
Target Price - 117.0 (300 PIP)
This currency pair is currently experiencing a down-trend. As it broke below the key psychological level of support at 120.0, many buyers realized losses. Thus our bias on this pair is to trade it short. We will wait for a pullback to the 120.0 region before entering our short positions.
TRADE PARAMETERS:
Entry Price - 120.0
Stop Price - 120.7 (70 PIP)
Target Price - 117.0 (300 PIP)