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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.