Cmasterza

Going against the trend

Long
FX:EURJPY   Euro / Japanese Yen
1. Falling wedge breakout
2. Pullback to moving average
3. Pullback to fibonacci levels
4. Doji - indecision signal from price action (so my bias is bullish after pullback)

Stops are best placed below the signal candle where the setup is deemed invalidated and targets should be at least 2x the risk.


Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.

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