All posts tagged EURJPY

#EURJPY +6 pips 2016-04-13 | 5 min Trend Trade

EURJPY is in a massively extended reversal the 5 min time frame. You can see the move has been quick because the 1 min boxes haven’t moved past the 5 min boxes yet price is over 40 pips away from the lead 5 min box.This is unusual and is largely because EURJPY had been pulled sharply higher by EURUSD. As always, when trading a cross pair it is important to check the parental pairs. In this case Euro has moved substantially away from its 1 min boxes and is now at resistance with EURJPY in a extended reversal pattern a short on EURJPY is taken which yields a quick +6 pips

You can learn more about the forex TimeLanes trading software here.

#EURJPY +18 pips 2016-04-08 | 1 min Trend Trade

EURJPY is retracing after moving down. It has come back past the S1 And S2 boxes on the 1 minute. Chris ideally wants it at the R3 but it stall before that so he enters. The trade takes a while to come to fruition but it never really goes against the entry. This allows Chris the confidence to hold the position and use the momentum from the trend down to kick in to bring him pips. This pays off nicely as price works its way down to give him +18 pips from the trade.

Learn how to utilise the TimeLanes forex trading software here, see how it can help you develop effective and profitable forex price action strategies.

 
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