This huge sell off after FOMC, continuing into the next day, has created lots of opportunities. I'm buying in the selling on the EURJPY. It has found support and the price cycles are extremely overextended.
Trigger: 131.30
Entry: 131.10
Stop: 130.75 (35 pips)
Target: 131:95 (85 pips)
Update: Did not get the bounce, got stopped out. We'll probably try again next week if it's looking like the selling has stopped.
