EURJPY - 14 : 1 Win vs Risk - 2nd Try
Updated
Hello all
Looks like i was too early getting into this trade, got taken out only for it to reverse - that's forex for you
I entered again at 20:00 BST on the 1hour close candle. I do now expect this to go all the way down to 120.00
You'll note that the short term upward trend (pullback) has now been broken and a new lower high has been printed. i expect this to now keep cycling lower.
I will be entering on every pullback and compounding my positions.
I took 3 entries - First is a 4 to 1, second is 6 to 1 and third is 8 : 1 - i will then look to add to these as we head into next week.
This could be a great trade over the coming 1 to 2 months
I am aiming for 120 as it is a round number - at which point - i oould not be surprised aligns with Brexit and will reverse quickly into a long movement upwards.
Thanks for looking
Duncan
Looks like i was too early getting into this trade, got taken out only for it to reverse - that's forex for you
I entered again at 20:00 BST on the 1hour close candle. I do now expect this to go all the way down to 120.00
You'll note that the short term upward trend (pullback) has now been broken and a new lower high has been printed. i expect this to now keep cycling lower.
I will be entering on every pullback and compounding my positions.
I took 3 entries - First is a 4 to 1, second is 6 to 1 and third is 8 : 1 - i will then look to add to these as we head into next week.
This could be a great trade over the coming 1 to 2 months
I am aiming for 120 as it is a round number - at which point - i oould not be surprised aligns with Brexit and will reverse quickly into a long movement upwards.
Thanks for looking
Duncan
Trade active
Hi AllTrading update - position 1 is closed at support, trades, 2 & 3 have had the stop moved to 124.45, lets see how it goes, as i think there is potential for it to climb higher.
Trade active
Hi all, all stops moved to 123.60 - it may have a complex pullback before continuing lower again.
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