We are currently observing a strong uptrend in the EUR/JPY pair. Price action remains well supported within the ascending channel, showing no signs of a breakdown. I expect the pair to print a new high. In the event of a reversal, risk can be managed by placing a stop loss below the previous day’s low.
Trade active
Set the stop loss to entry level, leaving us risk free on this position.Trade closed: target reached
Close this trade with 2% profit.
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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.