In yesterdays post I forgot to mention and show my analysis of EURJPY. It turned out I had a profitable trade there. The setup was pretty straight forward. An inside pin bar formed in the direction of the trend. There was however support near at the 102,40 level, so I decided to place a stop half way the pin bar in order to maintain a risk reward ratio of 1:2.You can see my order marked on the char.
Tomorrow I expect the price to linger around the support level before dropping like a rock. But nothing is sure in trading so a retrace back to the 104 or 105 level is also not unthinkable still this week. I'll just watch the price action as it unfolds and act according to my tradingplan.