I am continuing to ride the sell action on euro yen into 125. As long as it stays below the trendline and continues in this bear formation, it should be fine. Looking for about 450 pips on it and we can add on the way down. Thanks!
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Stop level is above when I last posted on this, which was around that 131.74 level. Targeting 124.90
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We are getting a little action.. yep keep going there ej!
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I've pulled one position off for 40 pips and just took the second one at 80 pips. Holding onto the target at break even now.
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This is going to come up some more, guys. Typically what you can do when managing trades on your two hour is just to use a 35-degree trendline and when that breaks, get on the trade and when it breaks to the upside get off with profit and keep it moving that way. For me, I don't really sit in front of the screen so I take one off when it surpasses 100 pips, I pull to break even and renter. So that is what I am doing.