Forex Trading Journal: Eur/Jpy

I have a potential trade setup on the Eur/Jpy this morning. The pair has dropped down and is now having a pull back and is moving into resistance. I am looking to short this pair based on the chart I have posted below. The chart say has all the trade details so I will not add anything else at this time. Except that I will be posting the entry when I make it on Twitter so please follow me there and when you do please say hello. I always like meeting new traders.

My last trade on the Gbp/Jpy ended up with +55pips

One other note I have decided to modify my trade management to be more simple so beginner traders can follow easier. I now have all trades at a basic 2 to 1 risk to reward ratio. If you do not know that that means please ask me and I will let explain.

Eur/Jpy 1Hr Chart

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Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

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