20190510 (Fri) Euro-Yen Trade Commentary +43 pips
I took the euro-yen long from this front-loaded scenario. ⇒【Free】20190510 (Fri) Euro-Yen Front-Loaded Scenario ~ Morning Session ~
> We see buying scenarios as favorable, but we don’t buy by predicting; we ride after observing the facts.
As written above, I bought after the line ① 123.111 was surpassed.
If you had bought before the line was crossed, the profit would have been larger, but that is a hindsight claim.
In the morning, the line ① 123.111 was resisting, so a drop from there was a natural movement and could have formed a clean pattern.
If you buy, you must deny the movement that keeps the head pressed down, and wait until you break above.
It's important to ride after confirming such facts.
So I will proceed with the chart analysis on that premise.
Two trades in euro-yen.
First, starting from the entry point.