Direct from the desk of Dane Williams.
We spoke yesterday about how EUR/JPY had returned to intraday support.
The same intraday support zone that we'd already traded, taking a nice 1:3 risk reward long off of just last week.
Remember this one?
EUR/JPY Hourly 2:
Well yesterday's price action was another gimme, giving us a second chance to trade the exact same level and take another 1:3 trade.
Take a look at how price traded yesterday after pulling back and tagging that same intraday zone:
EUR/JPY Hourly:
A literal carbon copy of the first. Yeah, trading is certainly a lot more fun when things just work like this.
Find your levels and trade your levels!
Best of probabilities to you,
Dane.
FOREX BROKR | Hive Blog
Higher time frame market analysis.