4XRandalll
Long

EURJPY - Continuation Trade setup

OANDA:EURJPY   Euro / Japanese Yen
75 views
3
Break of Previous Resistance
Rules of Engagement met - Enter trade.
SL at previous low plus 10p (81p)
T1 = R1 (81p)

At fib 141 zone, If momo is still strong, re-evaluate
Then build case to let it run without target.
(Check news events and structure to confirm high probability that this pair still has move upside left.)
and move to breakeven at T1.
Exit trade when close below MA26 on 1H.
Trade active
Trade closed: stop reached: The Bears have spoken.

Comments

I missed that trade as it broke the Previous S/R at 1.2900. doh!!
Reply
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