EURJPY 9.9.2021, Long trade idea
Management: Secured TP1 and set stoploss to breakeven. Looking to hold this long-term with partials if it plays out, if not we still profited. The next area of interest will be around the 129.00 level. Technicals: H4 MA cluster 200, 100, 38.2% Fib, 129.70 area of interest. Fundamentals: It makes sense (risk-on sentiment), but we didn't have the strongest fundamental bias on this trade, the focus was on price action and technicals. If EUR/JPY decides to make a deeper correction, we are looking to go long again around the 129.00 level. Cheers
Management: Secured TP1 and set stoploss to breakeven. Looking to hold this long-term with partials if it plays out, if not we still profited. The next area of interest will be around the 129.00 level. Technicals: H4 MA cluster 200, 100, 38.2% Fib, 129.70 area of interest. Fundamentals: It makes sense (risk-on sentiment), but we didn't have the strongest fundamental bias on this trade, the focus was on price action and technicals. If EUR/JPY decides to make a deeper correction, we are looking to go long again around the 129.00 level. Cheers