Short EJ at 131.65, SL 132.30

8.33 bst

EJ generated a sell signal at the same time as UJ but I didn’t take it as EU is moving in the opposite direction. However London is showing a tendency to sell EJ and I’ve decided to take the trade, although a bit late.

Short $30/pip EURJPY @ 131.65, stop-loss at 132.30.

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2 thoughts on “Short EJ at 131.65, SL 132.30

  1. Jared

    don’t chase price… i have a sell order at 132.40 and another at 132.50. stops at 132.60 on both. 131.65 is practically the start of the move. everyone’s been waiting for us data…

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    1. ZenFXTrader

      That would be a great low-risk entry if you get it. My short’s proper entry was around 132.00/10, so I was a little late to entry. The problem with waiting for price is sometimes it doesn’t reach the level you’re waiting at. A little higher risk, but if it doesn’t go much above 132.40 before dropping down again, the end result is still okay.

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