EUR_JPY is trading in a range Irritating the whole trading community, by doing so Facts: The pair is below a VERY strong level Which gives us a bearish bias And we are thus looking at a short When to enter? You can either enter a short at the resistance of the channel With SL above the fakeout Which would give you a great risk reward, but less probability OR you can wait for breakout, and short on pullback. IF the pair breaks UP, then I'd lower risk to 0.5% And go long on pullback! With modest TP too!
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