My EUR/JPY Trade (13-09-2007).

*Click on the picture for the enlarge version.

Hi guys. Today, I was looking at the EUR/JPY. Actually, I was looking at all the four majors but I feel a little adventurous today, want to feel some crosses today.

At 4pm(Singapore Time), I initiated a long position at the price line of 159.26. Why did I want to buy? Because the 3pm(Singapore Time) candle broke out of the consolidation. So I went in to buy with target profit at 159.60(High of 31st August) and stop loss at 159.00(6ma in 15mins chart).

My target profit was hit at 5:19pm(Singapore Time) at a profit of 34pips :)