What do you think about the EURJPY? I think it is trading in a very clear bullish condition. Last week it traded in a short term range (around a LT level) and earlier this morning it broke through the top of the range triggering a bullish market condition:

Details:

Entry: 102.03
SL: 101.65
TP: 106.95

The risk reward ratio it’s pretty large on this trade, more than 10:1… If it continues to move in my direction I’m going to trail my stop.

What do you think of this trade?

Trade Safe!

Raul Lopez
Forex Training