EURJPY Buy Stop. Looking For Bounce Higher.

30 oct. 2017

Attempting to capitalize on a possible bounce higher in EURJPY without being committed in case price falls further.

We've hit the support zone again. Stochastic is oversold, and has been for a while now; however, in case the support zone does not hold, we have at least some protection by trading this with a buy stop limit order.

Target is tentative. Will look to move stop to breakeven as soon as possible since further downside in the Euro is possible.

31 oct. 2017

Note

The buy stop was triggered, and price continued higher. Seems to have stalled a little for now.

Moved stop to breakeven for a risk-free trade.

EUR got some breathing room, but I am not sure how long that will last.

1 nov. 2017

Trade fermée manuellement

Price came very close to hitting my target. Today is the Fed interest rate decision, so ahead of that and any excess volatility, I closed the trade to secure my money.

80 pip profit.

2 nov. 2017

Trade fermée: cible de profit atteinte

Target reached.