EUR/JPY Epic Collapse!

The talk of the town for euro currencies was the Italian Elections over the weekend. It continued into Monday. No one knew which direction EURUSD and EURJPY would go. The only thing that was certain was volatility would increase. Typically, for FX Markets, higher volatility means more opportunities.

I made 2 trades on Monday afternoon, and lost both trades. The 3rd and final trade was a short when EURJPY broke below 123.89, a key support on H1. I took the hit for my previous EURJPY long, and shorted at 123.88. Volatility picked up very quickly, and never really looked back. Bagged 380 pips when I woke up.

I was in the right place at the right time.