I woke up this morning to a lot of bullish momentum on the EURO pairs & to no surprise as the session carried on we started to see the momentum slow, offering some pretty decent countertrend trading opportunities. One that I involved myself in this morning was the EURJPY.
This pair has yet to move to the projected target price so if we were to retrace & hold at the highs once again (Double Top) it would offer an excellent opportunity to get a second chance at getting involved in a short trade.
As always if you have any questions about the setup or simply want to share your idea, please let me know in the comment section below.
Wishing you a great trading week.
Akil Stokes
This pair has yet to move to the projected target price so if we were to retrace & hold at the highs once again (Double Top) it would offer an excellent opportunity to get a second chance at getting involved in a short trade.
As always if you have any questions about the setup or simply want to share your idea, please let me know in the comment section below.
Wishing you a great trading week.
Akil Stokes
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