Wednesday, April 8, 2015

EURJPY Short

I've been watching this pair since I came but it's been sideways action. Moved up and unable to break HOD but at the same time finding support on DOL (opening price). The sudden JPY weakness (when I bought the CAJ) and its immediate recovery seem to suggest the DOL may be broken but no!!! So I quickly closed for less than a pip and will sit on my hands or better still, go for a snooze and be back later when clearer price action may be obvious. Patience and discipline is the key.



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