EURJPY - H4 Rectangle Bounce

19 Eki 2017

We are at the top of the Rectangle Pattern in the EURJPY.

Thought: We could go SHORT looking for a reversal back toward the mid point of the rectangle in the creation of a double top pattern.

ENTRY
133.500

STOP
134.450

TARGET
132.450

Published on 10/18/17

19 Eki 2017

İşlem aktif

Trade Initiated.

19 Eki 2017

İşlem elle kapatılmış

Closed 60% of OPEN position at 132.900 and left the other 40% to run

Moved STOP LOSS to 133.420 to protect the move.

19 Eki 2017

Not

Working out nicely so far. The closer we get to take profit, move your STOP LOSS down manually or use a trailing stop to protect and secure profits

19 Eki 2017

Not

Manually moving STOP LOSS to 133.135 in case of short term swing.

Protect profits.

19 Eki 2017

İşlem kapandı: durdurma seviyesi

STOP LOSS at 133.135 reached.

Protected profits and took some good profit at the bottom of the spike.