EURJPY - H4 Rectangle Bounce

We are at the top of the Rectangle Pattern in the EURJPY .

Thought: We could go SHORT looking for a reversal back toward the mid point of the rectangle in the creation of a double top pattern.

ENTRY
133.500

STOP
134.450

TARGET
132.450

Published on 10/18/17

Trade active:

Trade Initiated.

Trade closed manually:

Closed 60% of OPEN position at 132.900 and left the other 40% to run

Moved STOP LOSS to 133.420 to protect the move.

Comment:

Working out nicely so far. The closer we get to take profit, move your STOP LOSS down manually or use a trailing stop to protect and secure profits

Comment:

Manually moving STOP LOSS to 133.135 in case of short term swing.

Protect profits.

Trade closed: stop reached:

STOP LOSS at 133.135 reached.

Protected profits and took some good profit at the bottom of the spike.