Short-term model going long EUR/JPY

Source: www.forexlive.com

First up, as a disclaimer of sorts, this model has been wrong on the last two trades that I have seen from it. I’m not sure if that’s a good thing because it’s due for a win or a bad thing because it’s out of form. This model works off very short term charts and mixes trend measurements and moving average crossovers. It has gone long EUR/JPY at 137.10 with a stop at 136.55 and a profit target at 138.20.


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