EURJPY BREAKEVEN

EURJPY BREAKEVEN
2nd September 2017 contacttf
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The 1hr chart was indicating short trade. I took the trade long, because my trading strategy on the 5 and 1 min chart was pointing this way.

I waited for price to bounce off support and Ichimoku cloud to fall in my favour. The price did rise, but fell into a channel. I was uncomfortable based on the 1 hour chart, so I closed at breakeven.

The Foreign Exchange market, also called FOREX or FX, is the global currency trading market. ... On the FOREX market one currency is exchanged for another. The single most important thing on the FOREX market is the exchange rate between two currencies (a currency pair).

 

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