EURJPY: Pending Buy Setup, Wait For The Breakout Long

Euro Fx/Japanese YenFXCM

Description

⋅ Aug 10, 2016 9:17 AM

Price is moving into a corrective structure after an implusive move which ended a long term downmove. Wait for price to break above the correction and go long. in the chart i show to potential profit targets. Stoploss should be placed below previous low.

Trade active

⋅ Aug 10, 2016 9:39 AM

Comment

⋅ Aug 11, 2016 5:47 AM

Price has broken above the correction

Comments

angel1998.aaa

⋅ Aug 10, 2016 11:47 PM

You are the most pro, your ideas are correct

Fxprotrader

⋅ Aug 11, 2016 5:47 AM

Thank you :)

uzair18

⋅ Aug 11, 2016 1:13 PM

Its consolidating at very low what to do now ?? :(

Fxprotrader

⋅ Aug 11, 2016 1:26 PM

I can't tell you what to do :) It's your account.. I will stay with my initial setup, as it's still in a correction and i expect a move up

isuru003

⋅ Aug 11, 2016 10:04 AM

is this trade still active

RedQueen

⋅ Aug 11, 2016 9:48 AM

after broken above, it move lower . is that fake setup ?

Fxprotrader

⋅ Aug 11, 2016 1:25 PM

I don't know what a fake setup is.. The point is that it's still in a correction and we should wait for an impulse up.. That's what i believe

RedQueen

⋅ Aug 11, 2016 4:34 PM

can you share how do you choose the point of the stop loss 112.665?
I saw some of your post, its tight before it reverse. nice :D

lac1n

⋅ Aug 11, 2016 8:49 AM

I traded it now in long at 112.851. My tp is 114.461.Good luck!

Batman-oz

⋅ Aug 11, 2016 5:48 AM

I'm in. SMTM