EURJPY BREAKEVEN

EURJPY BREAKEVEN
21st December 2018 contacttf
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).

This trade went wrong from the very beginning. I normally use Ichimoku cloud to help me decipher Support and Resistance lines.  The Support line was not conclusive. I entered at the wrong level. This was compounded by the fact that Euro consumer index news, was 1 hour away.

Realising I made a mistake, I decided to close manually at the earliest opportunity.

After trade analysis
Price spiked up after getting out. My call was right, price is now floating towards my 2nd support line and 15 mins away from news announcements.

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