I am predicting the EURJPY to continue it's current uptrend off of support from the last swing high. There is also an upward trendline which will provide a barrier to the downside. If this breaks, then the trade is invalid. I have already jumped in but I should have waited to see what happens at this trendline. The target is the upper, long term trendline.
Entry: 127.000
S/L: 126.660
TP: 128.800 (or whenever trendline is reached)
I will probably be looking for a short entry should the price reach the upper trendline.
Thank you, good luck!
Entry: 127.000
S/L: 126.660
TP: 128.800 (or whenever trendline is reached)
I will probably be looking for a short entry should the price reach the upper trendline.
Thank you, good luck!
Trade active
Trade closed: stop reached:
Jumped in to early, lesson learned