Total for today
All E/J trades:
+10
+8
+10
+17 1/2 entry
+20 1/2 entry
+10
Total = +56 pips Full Entries (no losses)
All E/J trades:
+10
+8
+10
+17 1/2 entry
+20 1/2 entry
+10
Total = +56 pips Full Entries (no losses)
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DislikedMonarch, I think E/J must be your favourite pair. You always nail this one consistently and profitably. Good trading !
ps. hope G/J rebounds for you.Ignored
DislikedEJ 1 MINUTE CHART
You can see the High was established at 157.83 and was double tested with the formation of the Head and Shoulders now in progress, also the Low was established at 155.68 and was double tested in this Channel.
I have a yellow eclipse showing the price consolidation in the channel with the purple line projected to form the right shoulder in this formation.
Overall, the key to the next trade will be according to what gives, the Resistance or Support, by looking at the chart here and the H&S formation it looks like a 3rd test of the lower portion is in order, we shall see what happens during the opening of the market here today.
I usually stand back during the market open and watch, never be in a hurry to jump into a trade when there is no real direction given, such as we are in now.
Stay clear and wait for a break of supp/res.
Cheers,
Ken
Click on chart to enlarge >>Ignored