Sold EURJPY @ 119.13, closed long for +478 pips

2.20 pm gmt

Closed the EURJPY long here at 119.13 for +478 pips, +35%.

That’s one good trade ! 🙂 🙂

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3 thoughts on “Sold EURJPY @ 119.13, closed long for +478 pips

  1. momomo98

    Assume you meant Sold (instead of Bought)?

    And can you tell me why you close this one when it is still soaring?
    You could just as well keep riding it with a stoploss ..

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    1. ZenFXTrader

      You’re right, it should be sold. I have corrected the post.
      There are many factors why I think this is a temporary top. Nothing goes up forever, and today is a friday. The system is still long; as i said in one of my December posts, I am refining my system to take account of factors other than the main technical patterns I follow. For example I am adding key Fibo levels as secondary indicators, and some sentiment indicators which all point to EURUSD being ready for a retracement here.

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