EURJPY Short Following Trend With 2.4-To-1 Reward!

Another @FollowMyForex trade: we just took a short swing trade on the EURJPY, following the momentum from the H4, Daily and Weekly timeframes.

This trade has a 2.4-to-1 reward/risk ratio and we'll be taking 50% off at our first target, letting the rest ride out the momentum of the downtrend.

Good luck, protect your capital and let's end this one in the green!

Comment:

As planned we moved out stops to BE before market close on Friday. Now only a couple of hours away before market opens again, let's see what happened over the weekend. Updates to follow!

Trade closed: stop reached:

Our EURJPY short stopped out at break-even. Capital preservation is the name of the game! Always have enough capital to take the next trade.