EURJPY Long
Updated
Market Idea for This Week 🔍
EURJPY
After analyzing last week's sharp drop, I'm seeing a strong opportunity with the market's current reaction. The Asian range at the start of this week has created a significant bullish Fair Value Gap (FVG) on both the 4H and 1H timeframes. Although the 4H FVG carries more weight, I've opted to place my Stop Loss (SL) based on the 1H FVG for tighter risk management.
Trade Management Plan:
Target: Take profit (TP) as soon as the Order Block (OB) is reached on the 15min chart.
Risk Management: Move SL to break-even (BE) once first TP is hit.
EURJPY After analyzing last week's sharp drop, I'm seeing a strong opportunity with the market's current reaction. The Asian range at the start of this week has created a significant bullish Fair Value Gap (FVG) on both the 4H and 1H timeframes. Although the 4H FVG carries more weight, I've opted to place my Stop Loss (SL) based on the 1H FVG for tighter risk management.
Trade Management Plan:
Target: Take profit (TP) as soon as the Order Block (OB) is reached on the 15min chart.
Risk Management: Move SL to break-even (BE) once first TP is hit.
Trade closed: stop reached
Well, the market decided something different. Next time better.
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