Price trap on EUR/JPY
Please note that this is only for educational purpose .
Trap price within a support and resistance level
if price pushes and breaks through either the support or resistance
we want to see price close above one of the desired zones. once that has occurred
we wait for price to retest the zone and show that it respect the zone as a new resistance
or new support level. As we see this we now can enter the trade .
Ideally if taking this trade you can twin trade by setting one trade a take profit while trailing the stop loss
on the other. Optimising sufficient growth.
Trap price within a support and resistance level
if price pushes and breaks through either the support or resistance
we want to see price close above one of the desired zones. once that has occurred
we wait for price to retest the zone and show that it respect the zone as a new resistance
or new support level. As we see this we now can enter the trade .
Ideally if taking this trade you can twin trade by setting one trade a take profit while trailing the stop loss
on the other. Optimising sufficient growth.
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.