We’ve been keeping a close eye on the EURJPY market recently as the bearish momentum has picked up created some steady downward momentum here. This week two consecutive Indecision Candles have formed and we are watching out for price breaks down below the lows of the Indecision group.
There is quite a few heavy news releases coming out this session so the volatility could drive this trade into profit quickly or stop us out faster than the blink of an eye. So as always we must apply smart money management to ensure we don’t over expose any capital, for money management plans see the Price Action Protocol