When you lay back and see the big picture, things get clearer and more profitable. Yesterday EURJPY formed a Bullish Engulfing pattern. The Weekly and Monthly charts were also in the green, so I opened a trade at 117.00. This was against my own rules because although these setups are highly reliable, the volatility was too big to ignore the potential risk of reversal. But, the weekly and monthly presented a rare opportunity; turning green from red. The pair was also sitting on a battle-tested support level. Those were clear signals for me to follow, so I opened the position and closed just seconds ago at 118.00
Stress-free, low-risk setups. That's all we have to do. Have a great day, everybody!
Stress-free, low-risk setups. That's all we have to do. Have a great day, everybody!