Forex Trade Idea - EURJPY
Forex trade idea for 01/13/06:
I know it's friday but this chart looks so good:
It might not move again until next week, and usually i don't hold positions over the weekend, but with EURJPY being in a downtrend and resistance at 100 sma and 61.8% retracement level this is a high probably of profit potential with a greater than 1:1 risk to reward ratio.
So, i'm going to be patient with this one and look to exit on monday or tuesday if it continues to consolidate. We'll see what happens. The weekend is here so let's take a break from Forex and have a great weekend!!
-TraderVlad
posted by tradervlad at 1/13/2006 10:13:00 AM
1 Comments:
Vlad,
Great blog! It's cool how you're posting screenshots to show how & why you're making each trade. A nice benefit of putting this online is that it'll put more pressure on you and keep you focused on success.
I wish you the best of luck!
F Gillen
Free Forex Trading Course
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