| Videos | Channels | Search |
Coleman: Looking for an intraday rally in EURJPY
Ian Coleman from Frist 4 Trading is looking into buying EURJPY this Tuesday. Coleman explains there's a medium term bias to the down side and will remain bearish, but he expects there could be an intraday rally. He says that over the last three sessions negative influences have dominated price action, although losses have been limited.
The bespoke support is located at 137.39 and Coleman is trading within a Corrective Channel formation. The trend line resistance is located at 137.72. The prime trade today is to buy on a dip at 137.42 with a stop at 137.15 below intraday channel base. The target levels are at 138 and 138.43 where the medium-term bias gets flipped to the down side once more.
01:06 minutes
Tags: currencies, currency, currency markets, currency trading, eurjpy, eurjpy price, forex, forex markets, forex trading, fx, fx markets, fx strategy, fx trade, fx trade idea, fx trading, ian coleman, ian coleman first 4 trading, ian coleman traders tale, saxo, saxo bank, saxo bank saxo tv, saxo bank trading floor, saxo bank tradingfloor.com, saxo tv, saxo tv saxo bank, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxotv, trade idea, trade view, traders tale, trading, tradingfloor.com