Now i have your attention... this is certainly not me making you a millionaire off this trade. However if you struggle to make money in the market then it could be something as simple as your charts are a bit of a mess or you are emotionally trading. We've all done it. If you need help with charting just drop me a message i may be able to help.
A simple breakdown for you here. EURJPY. I've not entered this yet as i am waiting to see how price reacts. We look to have approached just below my perfect entry zone on the 50% fib so ideally i would like to see a small push up to this 50% which lines up nicely with prior structure from the left. Stop losses would be just above the 61.80% to allow some breathing room. However, if we are to see a strong impulsive bearish move down then i'll be looking to enter at a slightly lower price with a different stop loss. Let's see how it pans out.
A simple breakdown for you here. EURJPY. I've not entered this yet as i am waiting to see how price reacts. We look to have approached just below my perfect entry zone on the 50% fib so ideally i would like to see a small push up to this 50% which lines up nicely with prior structure from the left. Stop losses would be just above the 61.80% to allow some breathing room. However, if we are to see a strong impulsive bearish move down then i'll be looking to enter at a slightly lower price with a different stop loss. Let's see how it pans out.