EURJPY Breakdown

OANDA:EURJPY   Euro / Japanese Yen
Entry for a long on EURJPY from a highly liquid area of level 2 depth. Our current pending orders are placed at 126.457.

If trade entry triggers we will split the trade into two parts, our first liquidation of 50% will occur at 127.012 with stop losses being adjusted to breakeven. The remainder of the trade will be closed at 127.585 netting us 117 pips!