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yin888
Mar 4, 2018 6:56 PM

EURJPY long then short 

Euro Fx/Japanese YenFXCM

Description

We should see price pull back to the 61.8 fib level of the previous move down where there is minor resistance as well before it heads further down (trend continuation).

Comment

Daily timeframe view:

Trade active

Trade closed: target reached

Buy target achieved, +150 pips profit.

Trade active

Sell limit order triggered with targets as shown in chart above.

Trade closed: stop reached

SL hit with 5 pips profit. This pair only dropped around 40 pips and I did not close it, only shifted SL to profit.
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