lmforex

back testing week 3-7 may

Education
FX:EURJPY   Euro / Japanese Yen
1) Identify if you looking for a bearish or bullish market.

1A) Then identify why you think its bearish or bullish. At least 2 reasons.

2) Has price come for a pull back?

2A) if yes then idenify again if we are at a keylevel (trendline, EMA, S/R level) at least two.

3) enter trade with a R:R 1:3.

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1) Bullish.

1A) got an upward trend from 02/11, 20/01, 25/03, 23/04 and broke through possible downtrend on 28/12

2) yes

2A) Price come back and find support from previous resistance on 20/04 and touches 100 EMA.

3) TP of 90+ pips.
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