EURJPY Trade Idea

11 нояб. 2020 г.

Hello Guys,

Today i am going to show you (after a few months of inactivity) another technical analysis of mine and the idea of why i want to go long on EJ.
Confluence 1: EJ broke out of a downside trend that lasted 2 months and a few days, that usually means we are heading towards a new trend (no lower lows)
Confluence 2: Ej broke above my MA's
Confluence 3: What do i do when the trend breaks? wait for a pullback. I like to wait for 0,382 FIB pullback.
Confluence 4: Fundamentally JPY is a safe heaven currency, but with the positive news on the vaccine and USD also being a safe heaven (usd weak= euro strong) that means our idea is also fundamentally a good reason.
So, lets patiently wait to come to our Fib. My SL is placed at 0.886 Fib.

See ya :D

30 нояб. 2020 г.

Заметка

at 126 we are taking partial profit, moving sl to Break even and letting it do its thing!

2 дек. 2020 г.

Заметка

240 pips. partial profit taken

18 дек. 2020 г.

Заметка

At 0.382 or 0.5 i will add another position and extend our tp.

24 дек. 2020 г.

Заметка

i will re enter again on EJ. fundamentals changed (brexit deal done)

6 янв. 2021 г.

Сделка закрыта: достигнута тейк-профит цена

closing trade