Monday July 8, 2013 – EUR/JPY Reverse Combo Spaces

by jennifer on July 8, 2013

Hello Yo’s! I’m dropping in with a look at Reverse Combo Space on EUR/JPY.

1. Reverse Combo spaces opening up as price and indicators demonstrate neutral formation.
2. Buy above 130.15 for target that comes before asking price to make a new high.
3. Sell below 129.37 with a target that, again, comes before asking price to make a new low.
4. Stop loss if price goes back in between the moving averages.

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