EURJPY could be one of those trades where you can enter with a small SL and make upwards of 600pips. The invalidation level lies below the blue structure. As long as we're above it, we can look for reasons to enter Long positions.
Trade Idea:
- Watch for price to stay above the 618 fib
- On lower timeframe watch for break of trendline or BOS
- Stops go below the 618 fib
- Target: -27 fib (650pips), -618 fib (900pips)
Do make sure to use a SL and use proper risk management.
Goodluck and as always, trade safe!
Trade Idea:
- Watch for price to stay above the 618 fib
- On lower timeframe watch for break of trendline or BOS
- Stops go below the 618 fib
- Target: -27 fib (650pips), -618 fib (900pips)
Do make sure to use a SL and use proper risk management.
Goodluck and as always, trade safe!
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Invalidated without meeting entry criterias
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