Euro / Japanese YenShort
EURJPY Break the trend line. Pullback to structure.
Updated
*Price is in the steady downtrend in bigger timeframe
*Breakdown the trend line
Downtrend may continue
Sell now
SL: 129.75
TP: 126.65
RR Ratio 3.3:1
HOW TO TRADE:
1) Wait for the price to pullback to the structure
2) Watch the price action in the buying/selling zone, if the price shows a signal/rejection in the structure enter the trade.
3) Adjust stop loss to break even when the price already runs 1:1 RR ratio in our favor.
(Note: Do not enter the trade if the price do not come to the buying/selling zone).
This trade is using trend following strategy, Loss small, Win BIG.
Remember to always follow these rules: (1) Cut losses. (2) Ride winners. (3) Keep bets small. (4) Follow the rules without question. (5) Know when to break the rules.
You can always take your profit based on your own trading style. It's your call.
Good luck.[/b]
*Breakdown the trend line
Downtrend may continue
Sell now
SL: 129.75
TP: 126.65
RR Ratio 3.3:1
HOW TO TRADE:
1) Wait for the price to pullback to the structure
2) Watch the price action in the buying/selling zone, if the price shows a signal/rejection in the structure enter the trade.
3) Adjust stop loss to break even when the price already runs 1:1 RR ratio in our favor.
(Note: Do not enter the trade if the price do not come to the buying/selling zone).
This trade is using trend following strategy, Loss small, Win BIG.
Remember to always follow these rules: (1) Cut losses. (2) Ride winners. (3) Keep bets small. (4) Follow the rules without question. (5) Know when to break the rules.
You can always take your profit based on your own trading style. It's your call.
Good luck.[/b]
Trade active
Note
Nice fall
Note
What a nice drop. Adjust SL to breakeven. RIsk free trade now.Remember: you can close the position based on your strategy. It's your call. Manage your trade.
Note
Please take some profit here and let the rest run.Note
127.50 now
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