EUR/JPY scalp 24th feb 2014

I am definitely not an euro bull but after these positive economic data coming out from germany I think the best pair to buy the euro against is the yen. I like this trade to the upside, so I am waiting for a pullback to enter long.

eurjpy scalp


But remember this is a short term trade, so I am looking to book profits (to break even first) as soon as it starts going higher again and let it run until the 1.4150 level

Filed in: JPY Pairs Tags: , , , , , ,

You might like:

Is the Eurozone doomed to fail? Is the Eurozone doomed to fail?
Germany Avoids Triple Dip Recession Germany Avoids Triple Dip Recession
Trading the Dollar Index this Week 06-10-2014 Trading the Dollar Index this Week 06-10-2014
Market Watch – EURNZD Forecast 7-12th September 2014 Market Watch – EURNZD Forecast 7-12th September 2014

3 Responses to "EUR/JPY scalp 24th feb 2014"

  1. mutt cutts says:

    Hello, thanks for the article 🙂

  2. tradeforliving says:

    you are welcome, pity it worked only for 40 pips or so. Unfortunately just after I published this there were news about the introduction of negative rates from the ECB and the euro weakened.

  3. scalping strategy says:

    Forex buying and selling is not a new concept and
    it’s been in trade for many years now, however due to
    introduction of web and era foreign currency trading has turn out to be a very speedy, easy and convenient strategy
    to earn a living online. Upon learning of the situation at hand, he
    strongly encouraged everyone to take a step
    back before things got out of control and someone got scalped.
    No broker is right for every trader, but by looking at the key factors on choosing a
    broker, and matching the broker to the traders Forex strategy,
    the chances of successful Forex trading increase substantially.

Leave a Reply

Submit Comment
© 2021 How to trade for a living. All rights reserved. XHTML / CSS Valid.
Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions..