Funnel Trading: A case for funnel break out on EURJPY
Hello Traders
Looking further into a choppy market indeed I present to you my tactical entry on EURJPY.
The price has been fluctuating within a funnel here on the 4h chart.
We are looking to position in a potential continuation.(looking at 128.000 round number as potential level)
Also note that this is the third time that price tested the funnel and broke it with some forceful downward momentum.
Please bear in mind that you should always place stop loss orders in every setup.
Trade safe, trade well.
Looking further into a choppy market indeed I present to you my tactical entry on EURJPY.
The price has been fluctuating within a funnel here on the 4h chart.
We are looking to position in a potential continuation.(looking at 128.000 round number as potential level)
Also note that this is the third time that price tested the funnel and broke it with some forceful downward momentum.
Please bear in mind that you should always place stop loss orders in every setup.
Trade safe, trade well.