Slow market… but here is my trade

What do you think about the market in the first two days of the week?

It has been slow!!! Very slow..

Could it be that traders are waiting for the EU economic summit due this Thursday? Mmm…

Anyway, one of the few currencies that I’m monitoring this week is the EURJPY. It’s clear that it is in a bullish condition. Even with the retracement we saw yesterday, I still think it has a plenty of bullish potential.

I decided to trade it because it got rejected from the bottom of the range:

Entry: 99.19
SL: 98.64
Target: Open

What do you think?

Good luck!

Raul Lopez
Forex Training

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .