USDJPY H1 CHART

USDJPY Intra Day Trade Idea October 17th

USDJPY broke out the falling edge on H1 Chart

TRADE: LONG

ENTRY: 112.300 ( Current Level ) Or wait for pullback 112.200

STOP LOSS: 112.000 – 111.800 ZONE

TP1: 112.600

TP2: 112.800

TP3: 113.200

UPDATE: TRADE HAS REACHED THE FIRST TARGET OF 112.600 WITH 30 PIPS.

MOVE SL TO 112.200, CLOSE 30% OF THE POSITIONS AND WAIT FOR THE SECOND TARGET.

UPDATE: 0ctober 18th

As seen on the below USDJPY H4 Chart, price hits 113.00.

New targets:

113.200

113.600

114.000

with the same stop-loss at entry level.

UPDATE: OCTOBER 26 we have reached 114.000 with 170 pips. Price pulled back as we have mentioned in our previous articles and again entering the upper channel. We will enter a LONG trade from the current level of 113.900 with the targets: 114.300 and 115.000

UPDATE: OCTOBER 27 Price reached 114.300 with additional 40 pips. I am closing 40% of the positions, taking my profit, moving stop loss to entry and wait for the next target.

 

Good Luck

 

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Warning: All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases.

If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly.

WARNING ABOUT TRADE IDEAS

  1. We enter trades on different pairs and we look for other trade opportunities. So we recommend you to enter trades with the smaller size.
  2. Do not exceed 10% margin.
  3. Stop Loss and Take Profit Levels are +/- 15 pips minimum.
  4. If we do not publish an update close the 40% of your position on the TP1 level and move your stop loss to entry level.
  5. Some trades ( especially with 300-500 pips profit target) can take 5-6 days to hit the targets. If you do not have patience, do not enter the trade.
  6. Our aim is to close each with week 2500-3000 pips profit minimum.
  7. If we mention as “pullbacks are buying/selling “ opportunities and we publish pullback levels, you do not need to wait for a signal from us. Use these opportunities at the mentioned levels.
  8. All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases. If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly.
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