«
»

Waiting for the EURJPY to break the range

The EURJPY is trading in a short term range around a LT important level:

EURJPY

EURJPY

You know that when the market is trading at an important level, we need to wait before looking for trade opportunities (we are market followers,instead of magicians).

Once the EURJPY breaks the range on either side, I will look for trade opportunities in the direction of the breakout.

Trade Safe!

Raul Lopez
http://www.straightforex.com/

Comment through Facebook

Tags:

This entry was posted on Thursday, July 15th, 2010 at 5:30 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.