Brain storming the idea for longs on EurJpy
.... Looks like big boys have trapped the bear move with fake BO to downside....if thats the case than we can expect longs from this level for time being. Although we need to be caution as some time big boys play real dirty & can do double trap by the mid week. Means, they make us go long from 141.40 handle & during course of mid week they reverse the price again to downside, so profit taking is recommended at 142.40 handle & remaining position can be kept to swing further north in case its not the double trap strategy from big boys... Please let me know what you guys think about this ??