EURJPY LONG SETUP
Updated
EURJPY is setting up to continue with the UPTREND, maybe possibly price can clear the resistance zone @ 127.50, a resistance level holding since 2019, with about 4 touches until now. Price has been creating higher highs after retesting the support @ 125.00 zone.
We've price in the indicated BULL FLAG a breakout of the FLAG to the upside will definitely set price higher back to retest the resistance zone @ 127.50.
This will make our trade of the day, with a 2:1 Risk Reward Ratio. Stoploss @ 126.10 and TP @ 127.50. Enrty @ 126.56
No breakout off the BULL FLAG no entry
We've price in the indicated BULL FLAG a breakout of the FLAG to the upside will definitely set price higher back to retest the resistance zone @ 127.50.
This will make our trade of the day, with a 2:1 Risk Reward Ratio. Stoploss @ 126.10 and TP @ 127.50. Enrty @ 126.56
No breakout off the BULL FLAG no entry
Trade closed: stop reached
Order cancelled: Got stopped out with 50pips profit, after moving stoploss to half of target after trade covered or moved about 70% of profit target.
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