orvilleawright
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EURJPY (4H) - Want to sell strong break of 9EMA

FX:EURJPY   欧元/日元
Want to sell strong break of 9EMA
131,293 is Take Profit? i Wait to go down :(
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@AndreSka85, Thanks for the question. Where you enter and take profit should always be based on your trading rules and the risk to reward ratio you hope to achieve. For me I am thinking of scaling out of the position. I am hoping to close half the position just before 132.00 if I can get at least a 1 to 1.7 risk/reward ratio. This will be based on where it finally turns. I am thinking of keeping the second half and wait to see if price will break the lows at 131.454. If the price action looks like it is breaking I might take partial profit at the 127 fib extension of the previous swing low. Hope that helps.
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AndreSka85 orvilleawright
@orvilleawright, thanks a lot!
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@AndreSka85, No problem man
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