USD/JPY analysis - 22 Oct 2024
Updated
150.45 acts as an important level today & if price stays above this level then we expect it to hit our target profit at 151.00.
If price breaks below 150.45 then it should hit 149.9.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Buy USD/JPY @ 150.7
Stop Loss @ 150.45
Take Profit @ 151.00
Trade 2 (Risk 1% of your account size);
Sell Stop USD/JPY @ 150.45
Stop Loss @ 150.7
Take Profit @ 149.9
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
If price breaks below 150.45 then it should hit 149.9.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Buy USD/JPY @ 150.7
Stop Loss @ 150.45
Take Profit @ 151.00
Trade 2 (Risk 1% of your account size);
Sell Stop USD/JPY @ 150.45
Stop Loss @ 150.7
Take Profit @ 149.9
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
Trade active
Trade 1 is activeTrade closed: target reached
Trade 1 target profit level hit, profit +30 pips.
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