EURJPY current position

So just to further explain what I saw this morning and why I entered I have attached the above picture of both NZDUSD and EURJPY. Those charts clearly show the movement of the two pairs I have traded over the last couple of weeks. I think we are now at strong support levels and that we will see a bounce to the upside so I've entered with a small risk to account. If I am wrong my stop will be hit for a risk to account that I am comfortable with losing. If I am right I'm not really sure of the TakeProfit (TP) just yet. If price action allows then next week I will be able to raise the StopLoss (SL) up to lock in some profit or at least less risk!

If you are trading please do so with a demo account until you fully understand how much you are risking when you place a trade. The above example of a trade is not a trade recommendation.