Wednesday, May 01, 2013

EUR / JPY UPDATE: 01/05/13. 15:06HRS

EUR / JPY:

Price retraced to the first order at 128.50
Price then moved up by 20 pips.
I moved the stop to break even and removed the second order.

Price has now retraced and is trading at 128.30.

I have been stopped at break even.

Chart below:

 


Price remains choppy. I need a nice trend to jump onto and ride.

Patience is a virtue....

Gold look like it could be setting up.

I will update again later when the next strategy trade has been identified.

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