EURJPY - H4 Rectangle Bounce
Updated
We are at the top of the Rectangle Pattern in the 
EURJPY.
Thought: We could go SHORT looking for a reversal back toward the mid point of the rectangle in the creation of a double top pattern.
ENTRY
133.500
STOP
134.450
TARGET
132.450
Published on 10/18/17
EURJPY.Thought: We could go SHORT looking for a reversal back toward the mid point of the rectangle in the creation of a double top pattern.
ENTRY
133.500
STOP
134.450
TARGET
132.450
Published on 10/18/17
Trade active
Trade Initiated.Trade closed manually
Closed 60% of OPEN position at 132.900 and left the other 40% to runMoved STOP LOSS to 133.420 to protect the move.
Note
Working out nicely so far. The closer we get to take profit, move your STOP LOSS down manually or use a trailing stop to protect and secure profitsNote
Manually moving STOP LOSS to 133.135 in case of short term swing.Protect profits.
Trade closed: stop reached
STOP LOSS at 133.135 reached.Protected profits and took some good profit at the bottom of the spike.
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