EURJPY Trade Idea

11 thg 11, 2020

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 thg 11, 2020

Ghi chú

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

2 thg 12, 2020

Ghi chú

240 pips. partial profit taken

18 thg 12, 2020

Ghi chú

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

24 thg 12, 2020

Ghi chú

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

6 thg 1, 2021

Đóng lệnh: đạt mục tiêu

closing trade