Long EURJPY – false breakout trade?

FX:EURJPY   Euro / Japanese Yen
94 0 2
Trading idea on 1h chart:
Long EURPY – false breakout trade?

Last time there was a false breakout trade, which might repeat again

So I basically buy the last lower low after price falls below and comes back to that level and go for the last solid resistance, which is in the area 134.0-134.30
I did place a a limit buy order at 132.35, Risk-Reward = 3.67
SL@ 131.9 (-45), TP@ 134.0 (+165)
Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out