EURJPY – Live Trade in Profit, Large Corrective Structure In Play | Oct 12

My current active open trades: ​USDCHF, EURUSD, XAGUSD, EURJPY, AUDUSD (option), $Sber

EURJPY – Aggressive Long Trade on ST RRL In Profit (4hr chart)
In line with my bullish view as stated in our weekly price action commentary, I decided to take an aggressive long on the ST RRL around 114. Currently that trade is in profit about +85 pips at the moment which you can see below.

eurjpy live price action trade 2ndskiesfore

I’m expecting a move up towards the top of the large corrective structure resistance near 116.19 where I’ll look to take profit. A rejection here puts 114 back into focus while a daily close above 116.30 opens up a much larger move towards 118.

eurjpy price action 2ndskiesforex

 

 

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

Related Article