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. 


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.