Hello there,
There is a small pips trading opportunity on the EURJPY pair.
In order to increase the risk / reward ratio, I went to extend this opportunity by taking the bearish flag pattern behind me.
Let's be careful though.
We are in an environment where mutually weak data comes from the global markets and where there is relatively no advantage.
So I found pattern searching correct in charts.
Parameters
Extra
Major Supports and Supports for Take-Profit Points :
Fibo 0.618 => 119.936 (Major Support)
Fibo 0.500 => 119.180
Fibo 0.382 => 118.423
Regards.
There is a small pips trading opportunity on the EURJPY pair.
In order to increase the risk / reward ratio, I went to extend this opportunity by taking the bearish flag pattern behind me.
Let's be careful though.
We are in an environment where mutually weak data comes from the global markets and where there is relatively no advantage.
So I found pattern searching correct in charts.
Parameters
- Position Size : %1 (0.01)
- Risk/Reward Ratio : 3.00
- Leverage : 50x-100x
- Stop-Loss : 121.724
- Goal : 118.205
Extra
Major Supports and Supports for Take-Profit Points :
Fibo 0.618 => 119.936 (Major Support)
Fibo 0.500 => 119.180
Fibo 0.382 => 118.423
Regards.
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.