Description
⋅ 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.