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Euro / Japanese Yen
Short

EUR/JPY Retracement

By DFMCAPITALINC
Updated
In this trade, I am shorting EUR/JPY off of a .618 retracement on the 4H chart. I plan on keeping this trade short-term as my long-term trading strategy has done better in the short term. This is the first trade I take in a while as i step back in the trading game. EURJPY EURJPY
Trade closed: stop reached
The trade nearly hit my take profit and started to reverse. On the next retracement, I adjusted my SL to a guaranteed profit at the tip of the retracement where the SL ultimately hit again closing out this trade. Overall a win for a trade that took about 3 hours.
Technical IndicatorsTrend Analysis
DFMCAPITALINC

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