Friday, November 1, 2013

EURJPY continued - money in the bank

Congratulations to anyone who went short the EURJPY pair yesterday! After a short stall in the 133.5 region momentum picked up again and started a free fall.

Continuing from yesterday's chart, now updated we have:





A few aspects to notice:
  • Stop loss turned out to be plenty wide - the trade never took much heat that is
  • Profit target was placed extremely well - definitely an exception to hit this precisely!
  • The trade progressed much faster than we could have hoped for - always a positive

A very good trade to end the week on!