Timcqueen

Double Bottom OPP

Timcqueen Updated   
FX:EURJPY   Euro / Japanese Yen
I took this Double Bottom at market price. I got in late I am relying on retracement to structural levels. Usually when there is a double touch of structure, it indicates that it may be strong in that area. RSI shows overbought conditions but not enough divergence. Let's see what unfolds.
Comment:
First target reached. Closed half of the position. Moved stop loss to stop target a few pips above market entry. Either way it goes, this trade will end in pure positive status.
Comment:
Stop profit reached. Overall success.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.