EURJPY long signal

What do you think about the EURJPY? I think it is trading in a very clear bullish condition. Last week it traded in a short term range (around a LT level) and earlier this morning it broke through the top of the range triggering a bullish market condition:

Details:

Entry: 102.03
SL: 101.65
TP: 106.95

The risk reward ratio it’s pretty large on this trade, more than 10:1… If it continues to move in my direction I’m going to trail my stop.

What do you think of this trade?

Trade Safe!

Raul Lopez
Forex Training

EURJPY Analysis, forex


Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .