Pablo Orellana's blog

Possibility of using an entry limit order on this market

The EURJPY is currently trading in a box. Price is retracing to a zone of resistance between 131.00 and 131.10. Next target would be around 129.60 and 129.50 giving an opportunity of 150 pips. Risk to reward of 3/1. 

Trade idea: Entering with an entry order at zone of resistance and adding to the position when price breaks single line trendline. 

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The most traded currency pair ready for another push higher

The EURUSD is trading in a big box. Currently, it is making higher highs and higher lows and recently it has done a pullback to the bottom of an up channel. There is high probability of a bounce to the upside and the continuation of the pattern.

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