EURJPY Live Trade

Hello Folks

Today I have taken a trade in EURJPY, now that a multi year multi billion dollar deal has been done this to me looks like a good time to get in. The COT data from last week was very clear with massive Euro short contracts of 123k, this is a clear sign that the market wants to short to euro. Although this morning Asian open is very very thin without Tokyo and todays european session will also be thin without london as they have their bank holiday. This should ensure the market goes down following the wall street lead from friday.

Entry - 125.27

Stop 1 - 125.66

Stop 2 - 126.26

Profit 1 - 124.40

Profit 2 - 123.42

Profit 3 - 122.46

Runner - TBA

Update 1 - Admin fee achieved

Update 2 - Take profit 1 triggered

Update 3 - Cashed out 55% of 124.55 - Market reversal

Rating- 3/10 - this trade worked great during asia but with the absence of london today hasn't really worked out, signs of market reversal its better to get out with the pips I have and wait for a re entry opportunity.