EURJPY DT?

Morning Dynamic Traders

I hope you're all enjoying good profits from your trades this week. Sorry for the lack of updates, it's been a busy week!

Below is the EURJPY chart which I've been keeping an eye on. It's not the best of charts as price has been in a long range. However, as SM traders know, the longer the consolidation, potentially the bigger the next move! Recently price has weakened, broken support and is now showing confluences for a shorting opportunity. The VI is starting to curl down and we have a possible DT formation at a fib breather. There are also other confluences which you can uncover through your own analysis.

The aggressive entry is a BOB of the minor TL - using ESLT or a pullback strategy. The safer, more conservative entry is a BOB of the support/RN cluster. I'm choosing the conservative approach.














This chart may not be everyone's cup of tea - so please ensure you carry out your own analysis and make a personal judgement on a trade.

Welcome back Zaheer and Richard - looking forward to hearing all about your UPW experiences!

Have a great trading day Dynamic Traders!
Sonia Molina