Nice EUR/JPY Forex Trade Setup on 13/07/2010
Here is a nice short we took on the EUR/JPY. Once again very similar to yesterday’s day trade setup, in that all the pairs were correlating together. Notice the EUR/JPY goes up to the last intra-day resistance level, then closes as a reversal candle formation. After the reversal candle closed we went short.
We additionally took the same setup but on the GBP/USD for another nice short trade. Over all had a good London session and a good +55 pip day overall.
Please click the image to the left to view a larger image.