Sep 24, 2010
EURJPY Long Trade on September 24, 2010
This is one of the clearest trades I’ve ever entered in my life. Here’s a few reasons why. I’ve been taught and teaching myself over and over that if price moves very near these special areas of support and resistance AND we are far enough away from the day’s high/low, then its a good risk to take in trading in the direction of that trend triggered by price itself hitting those levels. In this example I circle two areas where I see price hit this moving average in two separate occasions and immediately result in great trades.
If you want to talk about this trade and more like it please visit the discussion on this trade.
EURJPY LONG