BE.FX

Long EUDJPY off daily support and 100 MA Bounce

Long
FX:EURJPY   Euro / Japanese Yen

Idea: Enter long EURJPY if today candle closes green to re-inforce indecision candle which formed on the daily support line and 100 moving average @ 129.383 .

Stop: 129.190 Initial Stop - Will move to break even once +20 pips is achieved
Entry: TBD - May set an entry order @ 130.00 if price moves too high before close
Profit: 132.800

Account Balance: $538.28
Position Size: 10k

Please note: I'm a complete novice just trying to find my way in the market. Will trade this on a small live account and post result as happens.

Love to hear feedback and criticism about my idea.


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