EUR/JPY - target almost reached at 174.46 - But is it worth it?W Formation formed tick.
Price>20 and 200 - Tick
Target 174.46
Stop loss - not hit - TICK
All easy and said and done.
BUt the analysis was done in April. It is August.
We take on daily interest charges.
Opportunity costs.
So are these LONG term trades good in the long run? Maybe with LARGE portfolios then it's all relative and the costs are the price to pay.
But for smaller portfolios that most people have - it's not worth it.
Prioritise with your trading risk management and profile. And if need be, implement a TIME STOP LOSS to avoid long winded holding trades that turn into unnecessary marriages.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Longeurjpy
EURJPY - FULL ANALYSIS BREAKDOWN Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on EURJPY, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
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Trade Safe
Many Thanks
Sean
On Behalf Of Alpha Trading Group.
Long Position For EURJPYA simple trend line was form at time frame 1 hour, and I think after the long shadow candle, EURJPY gain a bullish power again.
Slow but sure, climbing up to test the Resistance @126.20.
So I decided to use this moment to go Long Position :
BUY @125.15
STOP LOSS @124.45
TAKE PROFIT @126.15
It may go up, it may be not.
This is just an analysis and my perspective. This is not a signal or a suggest, so trade based on your own favor :)
Good luck!!!
Cheers!!
Another order-block and volume cluster to go long EURJPYLong EURJPY from 128.82 with 30pips PT/SL. There is another order-block and volume cluster for us to go long. Good luck.
We are already long from the previous order-block. It was looking good until sell-off un S&P. Poor results from Twitter and Intel dragged it down. Some of you hopefully would have come out before the weekend. I also did that but for my statistics on Twitter and trading view I'll let it run