LONDON OPEN - Roundup

A fairly quiet Tokyo session with a slightly strengthening JPY and weakening USD, counter to this week's expected trend.

Yesterday there were two opportunities, an EURJPY short which did not set up quite right for an entry in the MTFM strategy, but also a EURUSD long Ponshada Pins entry which did:

The EURUSD long has already given a maximum reward of 50 pips for a risk of about 45 pips and is still open. As it is strongly counter-trend I entered late and took conservative profits.