Tuesday, March 26, 2013

EURJPY Price Action: Outside Bar Trade Setup pulls off, 27/03/2013

The outside bar trade setup discussed on the pair in my Price Action Commentary on the 22nd March 2013 has come off quite good. The Trade room was able to bow out with a nice reward of about 250pips from our entry (I decided to show a chart carrying the trade rooms entry point). At the moment, price is at support and has given off an inside bar trade setup. I would advice that traders wait to see th reaction of the market at this zone before jumping into new trades.

My Recommendation: Stay neutral.

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