This is a very short-term strategy.
The move down is within the regression channel. Right now we are EURJPY 129.42 and bouncing on channel support.
The strategy is buy at current level but place a stop-loss at 128.57. The profit should be somewhere 132.17.
The DMI has crossed negative and downward pressure is possible, but am more focussing on the channel support here.
The move down is within the regression channel. Right now we are EURJPY 129.42 and bouncing on channel support.
The strategy is buy at current level but place a stop-loss at 128.57. The profit should be somewhere 132.17.
The DMI has crossed negative and downward pressure is possible, but am more focussing on the channel support here.