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EURJPY 4H MA TRADES

Euro / Japanese Yen (FX:EURJPY)  
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FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators 50sma 100sma breakouttrading sellstop buystop takeprofit tradingstrategyguides EURJPY 4h
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trendanalysis chartpattern indicator 50sma 100sma breakouttrading sellstop buystop takeprofit tradingstrategyguides eurjpy 4h
Price is in between the 50 sma and the 100 sma

Short Trade
If price drops below the 50 sma in less than 8 bars
Then Sell Stop @124.49
Sell Take Profit @ 124.00

Long Trade
If Price stays above the 50 sma for over 10 bars
Then Buy Stop @ 124.95
Buy Take Profit @ 125.30

SL 20 pips below or above 50 sma
depending of a sell or buy

Watch Macd for direction
Comment:
Price stayed above 50 sma
So orginal sell stop voided
New Sell Stop and Take Profit made
snapshot
Comment:
TP hit
snapshot
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