Most of you already know I like to trade the swings of the market, and in order to successfully trade the swings of the market, you first need to identify the possible swings, right?
So I’d say that the analysis we make is almost as important as the entry (or even more important). Do you agree with me?
Anyway, earlier this morning, when I pulled up the EURJPY this is what I found:
We are going up… and I think there is enough room to get a good amount of pips (the next resistance level is more than 800 pips away from where it is currently trading).
So swing traders, What do you think?
Have a great weekend, take some time off the charts, we all need it!