Trade of the week 2: EUR/JPY H1: 13-14 November: +134 pips (+4%)
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On H4, the alligator is opening and the ewave is starting to peak. We take the second break out of the fractal box on H1 (on the first break, the risk is too high with a SL at more than 60 pips), the initial stop loss is below the green line as we are in an investing mode (32 pips), the price goes up slowly but surely and we exit on Friday afternoon, we have a perfect exit when the prices reaches the monthly highest for +134 pips.
For more details, click "Examples of Trade" in the menu
On H4, the alligator is opening and the ewave is starting to peak. We take the second break out of the fractal box on H1 (on the first break, the risk is too high with a SL at more than 60 pips), the initial stop loss is below the green line as we are in an investing mode (32 pips), the price goes up slowly but surely and we exit on Friday afternoon, we have a perfect exit when the prices reaches the monthly highest for +134 pips.
EUR/JPY is really ideal pair when we’re doing scalping, but it of course is risky if we’re not using a proper way. I think speed matters a lot here and that’s why I prefer to use cTrader platform provided by OctaFX, it’s a regulated and trustworthy company with providing top notch service including that awesome trading platform, I find trading so easy and helpful through them and all my trading orders are executed instantly due to the cTrader platform that I use.
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