The below setup was recently on the EUR/JPY pair. Everything looked ok but I didn't like the fact that price had already bounced three times from the 132.9 level and had seemed to have lost its momentum. I didn't take the trade and with hindsight it was a good decision. If I had been able to get an entry with a SL of 4-5pips then I may possibly have gambled on it breaking southwards however the fact that I would have to use the word 'gamble' indicates that it probably wouldn't have been a wise decision.
- Joined Aug 2010 | Status: absolute beginner | 4,699 Posts
political islam is slowly killing our democracy, rule of law and freedom.