Keeping a Stop loss of amount $100 USD we could easily place trade having wide SL which will be below the minor support level. It will have enough breathing rooms and as EUR, GBP doing well cause of there eurozone well reports on last Friday of the week. It went well for EURUSD and GBPUSD as we know. Getting back some strength on European currency I guess it will have some potential for our EURJPY long side and which could be a meaningful trade too. The Risk to reward ratio is for now 1:1.34 as the plan but depending on the performance of the pair it could be nearly 1:2 if the price float around or above the minor resistance level for test purpose.
Comment:
Having fun riding long ? Cool don't forget to use Trailing stop on every 30-40 pip gain pals! And this one is the comparison between two best friends who travel together either up hills or down roads in their life as long as they don't get mad on each other sometimes oops! I mean (Divergent) Will check both pairs movement too for further validation of trend change
