EUR/JPY Inside Bar Entry Is Huge R:R

The EUR/JPY is very bullish. We can see the price moving unidirectional to the upside.

As the price is breaking above all the resistance levels we can see the logic of the trade. EUR/JPY Inside Bar Implosion entry by Megatrend Price Action Trading. Inside bars usually indicate a stalling market that precedes a breakout or implosion. IB setups often occur within markets which are trending and are the cue for a trend continuation. 129.55 is the entry.

The projected target is between 4:1 or 5:1 R:R at 132.95 -133.80.

(Click on image to enlarge)

 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.