Now we have a retrace back to the level that's just been broken - that is: the entry point is here right now!
Probably looking for a profit target around 132.7 area and a Stop Loss width of ~30pips
Thursday, October 31, 2013
EURJPY short setup - strong momentum!
EURJPY has been coming down with strong momentum, and just went through clear support on 1H chart:
Now we have a retrace back to the level that's just been broken - that is: the entry point is here right now!
Probably looking for a profit target around 132.7 area and a Stop Loss width of ~30pips
Now we have a retrace back to the level that's just been broken - that is: the entry point is here right now!
Probably looking for a profit target around 132.7 area and a Stop Loss width of ~30pips
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Have not (yet) added any thoughts or suggestions on stop loss levels or profit taking, though the trade should rather easily offer at the least 1:2 Risk:Reward
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