EURJPY 240
The weekly bar on this pair looks intimidating, like a major shorting opportunity, but we are trading the shorter-term 4H swings so this trade fits in perfectly with a move that should provide a good swing up. The bottom green line showing the -500 mark was the original stop loss but now it has been moved to breakeven plus commission because we are at a R:R of 1:1. The dotted white line is the entry price of 128.849
Trade active
Structurally, a decision area where both buyers and sellers are confronting each other to see who has more sway. If price breaks through to 129.500, then better chance of reaching target. UTC 1:54amTrade active
I reversed on this trade to the downside because there was a lot of confluence to the downside after the strong push down.Trade active
Back to the upsideTrade closed manually
Out for a little profit, didn't get the complete move to upside I was originally looking for, protecting capital and focusing on eurcad trade now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.