My Current Active Open Trades: NZDUSD, AUDNZD, EURGBP, EURNOK, EURPLN, AX_UN, CUF_UN, CSE, SBER, FXo EURJPY, FXo EURPLN
EUR/JPY – Impulsive Corrective Sequence Followed By 400+ Pip Impulsive Move (Daily chart)
We mentioned this impulsive-corrective structure in our members commentary on Jun 19th, and that we expected a bullish impulsive move to follow this structure.
After 1 more week of tight consolidation around the top of the key S/R zone between 122.90 & 124.20, the impulsive move to the upside manifested and launched the pair upwards +400 pips in just 1 week.
Congratulations to those of you that were able to take advantage of this move.
I am currently long EURJPY via a vanilla call option, so am …... Keep reading