Profit / loss analysis and trading talks

3 weeks ago 12

Dec 24, 2023 astatine 23:08

Member Since May 19, 2020   397 posts

EUR/JPY
The 2nd commercialized worthy discussing is EUR/JPY, the closure of which brought a nett of 153.5 points. The opening of the commercialized was successful accordance with the downward inclination aft a flimsy corrective growth. I saw the probability of the narrowing transmission formation, but decided not to hold for the marketplace to determine, since the opening of the correction would inactive beryllium downward. The further autumn confirmation was the intersection of the EMA levels 100 and 200 connected the four-hour chart, arsenic good arsenic the reasonably assured MACD modulation to the antagonistic values portion and the awesome enactment position. The 30-minute illustration shows a wide interaction of the EMA 100 line, the preliminary absorption astatine 161.654, portion the EMA 200 was the cardinal marker level for further growth. I cautiously monitored these levels and if they were broken, I would adjacent the commercialized arsenic apt unprofitable. The commercialized was closed aft reaching the level of 160.330 and though I saw a precocious probability of a further fall, determination was besides the information of a rollback aft a accelerated autumn and a imaginable semipermanent correction, truthful the determination was made to instrumentality nett and exit the market.


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