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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