The EURJPY hasn't been too nice to me over the past 2 trades, but it was once again one of the pairs on my radar during this weeks video. This opportunity isn't as good as the last 2 (yes they were still "good: opportunities even though they lost) but it's one where a trader can take a conservative approach to get involved.
This conservative approach would be in the form of a 2618 trade where the market validates a double bottom completion by moving higher & the trader looks to take advantage of the pullback into structure before getting long.
For a video walkthrough of this setup please watch my youtube video titled "TRADING LESSON - How To Project Profit Targets" starting at the 4:10 mark
I hope you guys enjoy your weekend!
Akil
This conservative approach would be in the form of a 2618 trade where the market validates a double bottom completion by moving higher & the trader looks to take advantage of the pullback into structure before getting long.
For a video walkthrough of this setup please watch my youtube video titled "TRADING LESSON - How To Project Profit Targets" starting at the 4:10 mark
I hope you guys enjoy your weekend!
Akil
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