| Videos | Channels | Search |
EURJPY coiling for a move: Lambert
Clive Lambert of FuturesTechs explains why he is trading the EURJPY.
We are “coiling” for a move with the 4 hour chart forming something like an “Ascending Triangle”, and if we see a clean break of 120.70 that should trigger a move lower, he says.
Lambert looks to sell a break of 120.70, running a 50 tick trailing stop, targeting 120.25 and 119.35.
If we are not below 120.25 by the end of the day he’d cover the trade and have another look next week.
Lambert explains the background to a selected trade every Friday on Trading Floor.
01:16 minutes
Tags: clive lambert futurestechs, doji candle, eurjpy, saxobank.com, saxotradergo, tradingfloor.com
Switch to