The technical analysis of EUR / JPY currency is applied through the zigzag indicator approach and the candle data pattern. What kind of steps can be done to get the optimal profit on trading opportunities this time?
From the results of last Friday's movement, the EUR / JPY market finally formed a small sideway area. With these circumstances, there is a trading opportunity sell for today.
Sell execution should be done when the price approaches the area of 131.475 or 131.545, with the consequence of Stop Loss in the range of 131.621. If it turns out the price goes up, there is no execution return on this trading opportunity.
Take profit is recommended 5-15 pips only, if you want to take more, use trailing stop.
Always be alert, watch, and follow the flow of any price movements that occur. Use good lot management.
For those who want to know the analysis of v3 trader style, can see my articles in the archives of analysis, or submit comments on the column below.