ashtogzuk

Trade Analysis - EUR/JPY - Long

Long
FX:EURJPY   Euro / Japanese Yen
EUR/JPY (1HR)

Comments

What were the reasons for this trade entry?
+2 Reply
ashtogzuk Lenguito_Forex
@Lenguito_Forex

Trade Analysis - EUR/JPY

Price were moving in a respected downtrend. Broke through the trend line, we then saw a break above structure and highs being formed. We then saw price retest the support level and show bullish pressure. We are also sitting above the 50 EMA.
+1 Reply
@ashtogzuk, Okay, quite an aggressive entry, looks like your buying in anticipation for another breakout of the previous highs of 126.792, assume you was taking advantage of the momentum from the break of the trendline?
+1 Reply
ashtogzuk Lenguito_Forex
@Lenguito_Forex We took advantage of the momentum as soon as we saw clear rejection above the key area which were broken.
+2 Reply
Totally agree ✅
+1 Reply