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Tuesday, September 18, 2007
My EUR/JPY Trade (18-09-2007)
*Attached chart, click on it for the enlarge version.
Hi guys. One of my trades today, this one is on the crosses, the EUR/JPY. Initiated this trade at 2:50pm (Singapore Time). I saw that there was a good support at the price line of 158.79 and the candle bounce after it touches that price line. So I went in for a range trade.
I initiated a long position at the price line of 159.09. Stop loss at 158.80 and target profit at 159.60. My target profit was hit at around 4:35pm (Singapore Time). That's a 51pips profit for this trade :)
Peace and trade safely everyone...
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