Euro / Japanese YenUpdated EUR/JPY 2 Hour Chart
EUR/JPY Near/At a resistance zone
Sell Order:
Sell when the market opens to range trade. SL above the area. Use a trailing stop with a value you want.
Buy Order:
Buy if it breaks out of the resistance zone to do a breakout trade. SL below the resistance(which will turn into support after breakout). Use Trailing Stop, but also have a TP set at the next resistance(line at the top)(or you could wait for it to breakout again if you wanted)
Sell Order:
Sell when the market opens to range trade. SL above the area. Use a trailing stop with a value you want.
Buy Order:
Buy if it breaks out of the resistance zone to do a breakout trade. SL below the resistance(which will turn into support after breakout). Use Trailing Stop, but also have a TP set at the next resistance(line at the top)(or you could wait for it to breakout again if you wanted)
Trade closed: target reached
If you went for the manual TP, it was hit.
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.
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.