EURJPY 4hourly chart forming a triangle, will it break or bouce?
By using 4hourly TF, I will try a LONG position for breakout test with reasonable risk reward.
Reason :
- With the current PA in play, 128.50 will be a support area.
- Daily candlestick still resting above my EMA21, leaving tail below.
- Potential to reach next resistance points :
Entry point Long : CMP or any pullback at 129.00 area ; TP : 132.00 ; SL 128.00 area.
Risk Reward 1 : 2.4
Always remember to trade with stop-loss, market is crazy & cunning*
By using 4hourly TF, I will try a LONG position for breakout test with reasonable risk reward.
Reason :
- With the current PA in play, 128.50 will be a support area.
- Daily candlestick still resting above my EMA21, leaving tail below.
- Potential to reach next resistance points :
Entry point Long : CMP or any pullback at 129.00 area ; TP : 132.00 ; SL 128.00 area.
Risk Reward 1 : 2.4
Always remember to trade with stop-loss, market is crazy & cunning*
Operación activa:
+110pips on hand now!
Move SL to BE, secure a risk free trade.
Move SL to BE, secure a risk free trade.
Operación cerrada: precio stop alcanzado:
Trade hit SL at BE.
Operación activa:
For those who re-entered, you should now acquired +120pips.
Move SL to BE, secure a risk free trade.
Move SL to BE, secure a risk free trade.
Patience is the key.