lukeboland
Short

EURJPY (H1): Selling Opportunity

FX:EURJPY   Euro / Japanese Yen
Hi there,

There is a clear 2618 selling opportunity setting up here on EURJPY on the H1 timeframe. If you are not familiar with this strategy, the 2618 trade is a countertrend strategy. Jason Stapleton introduced me to this specific strategy in his free training. Only take trades that are in your PREDETERMINED plan. If you don't have a plan, please get one before losing any more of your money!

I trade the 2618 on the H4 and H1 timeframes on 8 currency pairs ( AUDUSD , EURUSD , GBPUSD , NZDUSD , USDJPY , EURJPY , GBPAUD , and USDCAD ). I take aggressive orders meaning that once the requirements of the trade are met, I place a pending buy or sell limit and let the trade play out. The only adjustments after that come if/when price reaches target 1, where I close half the position for profit and move the stop on the remaining position to breakeven, locking in a winning trade.

Entry: 127.600
Stop: 128.330
Target 1: 126.77
Target 2: 126.390

Good trading,

Luke

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