Why I'm taking my 4.6% manually taking profit on a JPYEUR setup!
On this setup which I shared last week right here on my tradingview, I anticipated that the price would reach the 90% target to complete my overall risk to raward ration of 1:9. However, looking at how the price is playing out, it seems as if the buyers are stepping in to push the price to the upside, -that is seen in the the descending structure (blue trendlines) as well as the double bottom formation (0.0066869) seen clearly on H4 timeframe. Now to avoid giving back our wins to the market, I am closing my positions at current price reading.
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