Technician
Short

(J) Trade 23: #EURJPY Looking for more downside! #forex

FX:EURJPY   Euro Fx/Japanese Yen
4071 17 76
Trade 23: Short EURJPY             @135.52
Trade Status: Pending
S.L 136.30
T1: 134.38
T2: 133.40

Balance= $29 104 Position size = 0.7 lot ~ 2.5% risk of capital
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Reasoning

Within the context of my previous analysis
#EURJPY: Two Possible Scenarios! #forex

  • Triangle breakout
  • Horizontal support breakout

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Wish me luck and best of luck for everyone.

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Journey to 100 Trades: Rules and Guidelines #forex


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Technician
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FullTimeTrader
a year ago
Good Luck! I entered yesterday. I will add on the HS neckline breakout. My last target is the D1 low (1.26) based on convergence-divergence setup like the AUDJPY.
AUDJPY-convergence divergence setup near 95.000
+1 Reply
AshleyWeyers FullTimeTrader
a year ago
Fulltime, your positions are the wrong way around?
Reply
FullTimeTrader AshleyWeyers
a year ago
hello, yes, i did a mistake and chose the inverted tool. The setup is very similar to this one.
+1 Reply
marcus123
a year ago
I'm in. Good luck...
Reply
avinashsawant
a year ago
Yes, I am in for this trade. Thank You !!
Reply
Kingfisher1978
a year ago
Nice setup! Thank you for sharing
Reply
DrZ
a year ago
I am in, thank you
Reply
Update 1: The Trade is active now
+4 Reply
prashantfx
a year ago
EURJPY RECOVER AND WE ARE SHORT :-(
+2 Reply
Had this nicely going for over 20 hours and was well in to profit about 4x, then this decided to reverse for no reason whatsoever. Luckily I moved the stop to 1% of my stake and ended up with a 1:1 profit on this.
Reply
jessetaylor HEmmanuel
a year ago
Yeah, this one kicked me. Got stopped out.
Reply
Stopped out
Profit= -$710
New Balance= $28 394
Reply
HEmmanuel PRO Technician
a year ago
Hi mate, isn't 2.5% risk slightly more under these low liquid, slow moving but then unexpectedly highly volatile market conditions which will last till the end of this month. I have decided to risk only 1 to 1.5% per trade. I am only risking 2% under certain conditions where I know momentum will be in my favour. Just wanted to know your thoughts ?
Reply
dynoinc
a year ago
Ye I got stopped out also for a 70 pip loss. Was a winner for 20 pips profit before it turned around. Thats technical anaylsis for you; its just an edge it doesnt have to do what we think it will…. on to the next one...
Reply
andrein
a year ago
looks still ok for a short, as i missed the trade when you posted it..
Reply
Roncriss
a year ago
Am Selling this from here.
Reply
marcus123
a year ago
stopped out also. think the 200 and 100 sma on the D1 were always going to be problematic/ a potential bounce point . We'd also gone from weekly support pretty much straight to weekly resistance and the natural move /path of least resistance was back to weekly pivot
Reply
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