EURJPY - Long Position Trade
Updated
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Today we are monitoring EURJPY for a long position. It is sitting around a strong support area.
on 1HR: EURJPY formed two consecutive pin bars price action which enables us to execute a long trade.
Trade call:
Long EURJPY with risk of 2% of capital.
Price of execution: 131.698
T1: 132.482
T2: 133.284
Stop Loss: we would get off the trade in a loss if price broke the support area with a confirmation candle.
Good luck!
The essence of investment is management of risks, not the management of returns.
~MT
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This is not a financial advice, nor I am a financial advisor. Trade at your own risk. Do your own research.
Trade closed: target reached
Good day traders !we have reached our first target, you may continue riding the trade to the second target or close half of the position and target the 2nd half for our T2. You may put your stop loss at the entry price.
~MT
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