A USD/JPY trade in hindsight
I drew up an area where my bias for this pair is long and then drew an hour orderblock zone to take trades to the upside. I realise that i was unable to execute any trades because of the time i got up but I still drew zones on how i would have planned to take trades which would have led to being in some nice profit of 25 pips at least from a small stop loss of 4 pips this is a nice 1:6 rr for scalpers and nice trade to continue to the upside for day traders to get a quick 70-120 pips for a nice 1:17/30 type of trade which is the ideal set ups i would look for. We can still look for reentries all the way up to the top to increase our profits but I already lost 3 entries on this pair and decided to close out for the week. In hindsight my zones were wrong and needed to be refined better to get the entries desired.
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.