This isn't so much of a trade prediction but more of a back test of refining my strategies. The Euro Yen (EUR/JPY) is one of the most volatile pairs in Currencies and can often make big moves intra-day every day. It's a better instrument to trade over the Euro Dollar pair and represents the true risk on risk off sentiment.
I drew two counter-trend patterns and both were profitable with +100 points in a few hours. I will be adjusting my focus from 5 min charts to 15 min charts as I can spot moves with greater opportunities to profit with small risk.
Imagine averaging 75 points on this pair EVERY trading day at $2 per point? You'd be getting paid 3k a month for 1 hr or 2 of work!
I drew two counter-trend patterns and both were profitable with +100 points in a few hours. I will be adjusting my focus from 5 min charts to 15 min charts as I can spot moves with greater opportunities to profit with small risk.
Imagine averaging 75 points on this pair EVERY trading day at $2 per point? You'd be getting paid 3k a month for 1 hr or 2 of work!