Market Winning Trade Set-Ups for 07/28/2015


Currency Pair: EURJPY
Closing Price: 136.75
Entry Order: BUY stop @ 136.98
Stop loss: 136.60
Take profit: 138.09

Analysis: Since forming a double-bottom in the Mar-Apr timeframe, this pair has been moving higher (see ascending trend-line). I feel a break-above today’s inside day bar should propel prices higher. I this there is a good risk:reward on this trade. (There is a Fed announcement tomorrow, so proceed with caution).