EUR/JPY Long Trade Setup. H1 Execution. 137.40 TP

FX:EURJPY   Euro / Japanese Yen
1074 4 7
Been monitoring The EUR/JPY             for two weeks. and The original bias was short Once the Descending
Triangle was broken in which you can view on our last EUR/JPY             post..

However as a trader we must always have a neutral bias and never get attached to a certain viewpoint, staying on top of
Fx dynamics in order to reach consistency.

135 was a boundary for RES on this pair but it is evident that that marker has been broke, and retested (As SUPP)
Monitoring the A,B,C,D formation now, just awaiting a break of the C.T.L in order to get long..

Targets: 137.40 (200 PIPS)

Once target has been reached, P.A will be evaluated to determine the next move for EUR/JPY             ...
stops always 15 pips below the 78.6% FIB as displayed. Thanks... watching both sides..if 78.6% is broken then we go short. good R;R either side
Great, but any stop loss?
+1 Reply
EagleTrades Technician
Yeah agree technician
Don_Corleone EagleTrades
They almost never say anything about S/L.Anyalysis is great guys,but u should consider saying a few words about s/l.I am sure many people would be stoped out around 134.200 area
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