Posted by: joetradingplace | March 3, 2015

Short Eurjpy triggered

I tweeted that I was going to short Eurjpy, the trade has been triggered, price is few pips away from my first target.

Reason for trade: Using the BB trend following strategy, recent momentum has been down as shown by green arrow, Price retraced and a bullish bar closed above the upper BB, sell limit placed at a few pips above trigger bar (shown by the red arrow).





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