OPPORTUNITY FOR SELL USDJPY
Updated
We have these indicators for SELL opportunity:
- Reflection from the Upper trend line
- Low volume to continue the current direction
- Return OR re-test to Year + 6M + 3M + 1M high area (min. for TP1)
- Return to the Lower Trend line
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
- Reflection from the Upper trend line
- Low volume to continue the current direction
- Return OR re-test to Year + 6M + 3M + 1M high area (min. for TP1)
- Return to the Lower Trend line
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
Note
Our practice if a S/L is reached: we do not close this first trade, but immediately enter the second trade in the same volume and type as the first trade and wait until the first trade with the second trade has the sum of 0 USD (i.e. in 50% of S/L). In this case we close both trades with zero loss & profit.In this case: 2nd trade: 156.484
Close: 154.484
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