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orvilleawright
Oct 16, 2017 4:52 PM

EURJPY (4H) - I will buy corrective pullback after break of SAR Long

Euro Fx/Japanese YenFXCM

Description

I will buy corrective pullback after a strong break of SAR on the 4 hour chart. I might look for the corrective pullback on a lower timeframe. Eg. 15 min
Comments
midas11
So you mean around 130.800 or around current price around 132.00
orvilleawright
@midas11, Thanks for your comment. I really don't know at what price I will get a corrective pullback. If price breaks impulsively to the upside on the 4H chart (remember it might not), I will then look for a corrective pullback. I am looking for a pullback because if the impulse is very strong I might not want to buy that high. If I get a pullback and it is corrective (remember I might not even get a pullback), I will wait until the correction is over, then buy. I would prefer to buy below 123.30 (below the 38.2 fib retracement). Hope that helps and good luck with your trading!
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