Yenpair
How I Traded The Yen Pair (EURJPY)Price action signal formed at horizontal support resistance level. Entry at closing price of engulfing candlestick at horizontal support level. Set Take Profit at horizontal support resistance level. Set Stop Loss at low of engulfing candlestick.
Note: EMA 10 EMA 20 is positive slope.
NZDJPY Target Price 78.651NZDJPY. Moved Stop Loss to 77.899. Target is still set to 78.651. Price stalled at 78.217. Price stalling at 78.217 is the reason for moving the stop loss. Also the two candlesticks with the wicks in a particular direction is the other reason for moving the stop loss.
First Entry At Bullish Price Action Signal
Second Entry At Bullish Price Action Signal