EURJPY: Pending Buy Setup, Wait For The Breakout

FX:EURJPY   Euro / Japanese Yen
1704 20
Price is moving into a corrective structure after an implusive move which ended a long term downmove. Wait for price to break above the correction and go long. in the chart i show to potential profit targets. Stoploss should be placed below previous low.

Trade active
Comment: Price has broken above the correction
Its consolidating at very low what to do now ?? :(
I can't tell you what to do :) It's your account.. I will stay with my initial setup, as it's still in a correction and i expect a move up
+1 Reply
is this trade still active
after broken above, it move lower . is that fake setup ?
Fxprotrader RedQueen
I don't know what a fake setup is.. The point is that it's still in a correction and we should wait for an impulse up.. That's what i believe
RedQueen Fxprotrader
can you share how do you choose the point of the stop loss 112.665?
I saw some of your post, its tight before it reverse. nice :D
I traded it now in long at 112.851. My tp is 114.461.Good luck!
I'm in. SMTM
You are the most pro, your ideas are correct
+1 Reply
Fxprotrader angel1998.aaa
Thank you :)
+1 Reply
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