EUR_JPY: To Short Or Not To Short, That Is The Question!
EUR_JPY is trading in a range
Irritating the whole trading community, by doing so
Facts: The pair is below a VERY strong level
Which gives us a bearish bias
And we are thus looking at a short
When to enter?
You can either enter a short at the resistance of the channel
With SL above the fakeout
Which would give you a great risk reward, but less probability
OR you can wait for breakout, and short on pullback.
IF the pair breaks UP, then I'd lower risk to 0.5%
And go long on pullback! With modest TP too!
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