Saturday, May 21, 2011

Trading Plan: Weekly Ranges gives you a good swing target





This week it was better to trade long EURJPY instead of long USDJPY because of the higher potential.
  • USDJPY trades at a min weekly range of 120 pips, with 15 pips entry risk
  • EURJPY trades at a min weekly range of 340 pips, with 30 pips entry risk

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