15.8.2013 – intraday opportunitites [+6R]

STATS:
Trades: 2
Return: +6R (+3 -1 + 4)
Pays: RANGE FADE, RAR
Pairs traded: EURUSD,USDJPY
Comment EURUSD: great range fade play with macro resistance highlighted yesterday in my post. Best entry hint was a killing engulfing candle (second circle).

Comment USDJPY: after a great run USDJPY slowed down in an upper range of its move (always a good bullish sign). After initial stoploss, there was a chance to get back in. If you did, you would lock a nice +4R profit.