Weekly Price Action Setups & Key Levels | Jul 2-7

Impulsive Corrective Sequence 400 Pips In Profit EURJPY 2ndskiesforex

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 …

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