Trade of the Week – 20-10-2024 – EURJPY

Weekly Highlights and Performance Overview

Welcome to our “Trade of the Week” page! Here, we spotlight the standout trading signal that delivered exceptional results for our members. This page serves as an educational resource, showcasing the performance of selected trading signals and offering deep insights into the strategies that led to their success.

Featured Trade Signal

https://signalsoracle.com/wp-content/uploads/2024/10/EURJPY27Oct2024.jpg

Date of issue – 20-10-2024

Pair – EURJPY

Entry Price– 163.5

Stop Loss – 164.03

Take Profit 1 – 162.97 | Reward to Risk Ratio – 1:1

Take Profit 2 – 161.91 | Reward to Risk Ratio – 3:1

Result at a Glance

Outcome – Hit Target 1 – Breakeven

Note: This trade was shared with our members last week as part of our weekly signals service. For more details, view the original signal here.

Strategic Insights

• • Target 1: Set a 1:1 reward-to-risk ratio to ensure a breakeven point.

• • Target 2: Set at a 3:1 reward-to-risk ratio, allowing for a maximum profit before the end of the week.

Market Conditions and Analysis

Extra weakness on the JPY enabled the EURJPY to break through a level of resistance. The safety target came in handy thereby achieving breakeven and avoiding a total loss.

Summary and Learnings

Follow the rules and stick to the plan. It’s a business based on probability.

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