The Euro is enjoying renewed interest and uptrend is signalled in the 4hourly chart but not the daily chart.Using 4hrly stochastics and MACD signals i placed my 5th trade on EUR/JPY as follows:
Trade direction: Long
Stop loss:11184
Target price for exit:11400 and 11430
Trade size (£ per point) :0.60
Target profit: 154pips
Comment: Trade closed at a loss.
Verdict: no loot
Trade direction: Long
Stop loss:11184
Target price for exit:11400 and 11430
Distance between stop and target: 254
Distance between stop and target/ 4: 64
Potential loss(risk): £50
Actual Entry point: 11246Distance between stop and target/ 4: 64
Potential loss(risk): £50
Trade size (£ per point) :0.60
Target profit: 154pips
Comment: Trade closed at a loss.
Verdict: no loot
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