On this post, I will input my trading setup for your guide. This is my real trading with real account. I will also give reasoning on why I enter the trade. The trading setup is based on my technical analysis which I used the EMA8 (high and low) as entry signal as I explained in my previous post. Currently I am into trading the EURJPY pair and EURUSD pair.
On EURJPY pair, I will focus on buy entry signal. The signal that I want to look for is price close on top of EMA8(high) on 15 minute time frame. I will target the nearest round price number. I researched that, the Yen is in the weakening mode this year because of economic stimulus measures that will be imposed. Moreover, the Bank of Japan's Gabenor is going to resign. The search for a good candidate is going to make the Yen weakens because of big currency trader will seek for other currency to park their money.
Comments are welcome.
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