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justinholtgrave

EURJPY - 4H Long In Trend Engulfing Setup

Long
Euro / Japanese Yen (FOREXCOM:EURJPY)  
justinholtgrave Updated   
FOREXCOM:EURJPY   Euro / Japanese Yen
Candlestick Analysis EUR jpy EURJPY LONG 4h h4 Engulfing Candle
1
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candlestick eur jpy eurjpy long 4h h4 engulfingcandle
EURJPY formed a bullish engulfing that engulfed 5 candles on the 4 hour time frame.
This engulfing candle closed at 12pm noon (CST) on Friday.

SL set below engulfing candle low. TP set at 2R for safe entry, 3R for 50% entry.
Comment:
50% entry worked perfectly
Trade closed: target reached

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