EUR/JPY - Buy?
So this situation is almost identical as EUR/USD but the EUR/JPY movement is clearer.
1. You're looking for a buy almost immediately.
2. When the candle touches the 20 SMA, take profit on one small position, and leave the second small position with stopped loss by trying to hold it.
3. If you see the price rejecting around the 20 SMA on 4-Hour chart and a red Heiken Ashi candle, close the second buy.
Recommend to enter when you see one or two 1-hour green Heiken Ashi candles.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.