Here is my plan for the EURJPY

I wasn’t trading the EURJPY in the last weeks because it traded in not very well defined range (a little bit like the EURUSD range), but it looks like it is out of the range (finally).

Here is the chart:

 

So my trading plan is:

Wait for a small retracement, and if the market forms a significant pattern with upward pressure around the support level, I’ll go long.

What do you think about my EURJPY plan?

Cheers,

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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 .