EURJPY - LONG
Going long on this pair, small lot size initially as we need a little more confirmation before adding to the position but we have;
Longer term bullish price action / trend line on the pair
Short - Midterm (13th - 25th) Bearish channel
Short term - Bulls have broken through the channel, and the market has pulled back to a level above the bearish channel (this is crucial) + price has been consolidating for the last 10ish hrs -
Longer term bullish price action / trend line on the pair
Short - Midterm (13th - 25th) Bearish channel
Short term - Bulls have broken through the channel, and the market has pulled back to a level above the bearish channel (this is crucial) + price has been consolidating for the last 10ish hrs -
Note
Adjusted SL to 125.106Note
A beautiful(ish) trade here! I had 3 positions here with slightly different stop losses - 1 stopped out for -27.5 pips
1 hit tp1 +18 pips
1 hit tp2 +52
NB - I am trying to use multiple, smaller lot sizes to take different SL
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.