glennmercer

EURJPY Short - Rising Wedge to Continued Bearishness

Short
glennmercer Updated   
FX:EURJPY   Euro / Japanese Yen
Long term, this pair has shown some bearish impulses that I think will continue. This bearish wedge is a good way to enter. Tight stop and quick move to breakeven reduces risk and maximize reward if entry is correct. Cheers
Trade active:

T1 Reached, moving stop to BE
Trade closed: target reached:

Taking half of my position off here at a nice 2:1 R/R level. Good profit, on to the other pairs in the portfolio unless we get a retrace. I'll add on a retrace if momentum is still to the downside. Cheers

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