Technician
Long

EURJPY: Resuming Breakout?

FX:EURJPY   Euro Fx/Japanese Yen
1490 17 16
Update 2: Stopped out . Profit(pips)= -80x2=-160
Update: Trade is active now.

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A possible long here on a breakout above key resistance levels,

-The price may have completed a bottom for now after taking the main descending resistance,
-The 200-days SMA a
-Horziontal resistance at 139.25
-A potential bullish hammer candle today

I am looking to long the pair around 139.70, targeting 141.00 and 142.30. With a stop loss at 138.90.

Best of Luck , join me at https://twitter.com/thefxchannel
Also at my Facebook             page http://www.thefxchannel.com
My best regards,
Technician
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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;
My trading ideas channel https://telegram.me/technician_forex_trades
https://thefxchannel.com
Skype: Technician - The forex channel
I think the decline continues on 137.900
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Update 2: Stopped out . Profit(pips)= -80x2=-160
+1 Reply
what about use/jpy, up too?
Reply
Trade is active now.
+1 Reply
bogdan.saenko Technician
Are U long for the target U have specified on the chart?
Reply
Technician TOP bogdan.saenko
I am long yes. If i change my targets i will post here.
+2 Reply
bogdan.saenko Technician
Thanks for your answer!
Reply
thank you
+1 Reply
thanks for this post
Reply
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