Short-term trading plan – Forex for day traders [EUR/JPY]
Its’ the middle of the week and the battle with the markets is getting fierce. For those of you who are focusing their efforts in intraday trading techniques I’d like to present you my short-term trading plan on the EUR/JPY .
Keep in mind to follow it up and don’t forget to not try and take every move the market makes as this usually leads to bankruptcy!
The zones used in this trading plan are as follows:
Resistance Zone – Sell Area: 123.32 to 123.50
Bottom level of the H4 Consolidation: Around 122.64
Next small support zone: 122.19 to 122.06
Have fun out there and remember – be patient and focused at all times! 🙂