EURJPY Trade

[sexciam]

Hi all,

I thought I'd post a trade im taking on if it happens.


EURJPY :

SELL@163.15
STOP@163.45
PROFIT@162.35

Good luck all!

[JimmyMac]

That's an interesting level from which to short, aren't you concerned with the local support residing at 163.0-10? I can see the reasoning of your target, being the days low, but not really the choice of entry level.

What prompted you to instigate that particular trade? Some rerasonings would perhaps assist in explaining your entry-stop-take profit comments. The stop-loss could be rather tight for this pair, & again a little background on the reasonings & placement would be appreciated.

Good luck with your trade anyway.

[sexciam]

Hi,

I was hoping for the break as it tested that level 3 times prior.

The trade is still active, after I saw the bounce happening I increased the stop to 163.65.

Profit levels still remain the same. I'll let you know how it goes.

[JimmyMac]

No need for an update, I'm sure folks can follow events on their own platforms as it progresses.

Yes, the stop (risk) placement is a trifle bemusing. Would have thought stacking it above the prior minor swing top at 163.85 would have been more appropriate if you were attempting to test the downside?

Still, I assume you have your reasons & plan regimen.

[sexciam]

Exited trade for break even