152.3 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 151.8.
If price breaks above 152.3 then it should hit 152.93.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell USD/JPY @ 152.1
Stop Loss @ 152.3
Take Profit @ 151.8
Trade 2 (Risk 1% of your account size);
Buy Stop USD/JPY @ 152.3
Stop Loss @ 152.1
Take Profit @ 152.93
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
If price breaks above 152.3 then it should hit 152.93.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell USD/JPY @ 152.1
Stop Loss @ 152.3
Take Profit @ 151.8
Trade 2 (Risk 1% of your account size);
Buy Stop USD/JPY @ 152.3
Stop Loss @ 152.1
Take Profit @ 152.93
*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: stop reached
Trade 1 hit stop loss level.Trade active
Trade 2 is activeTrade closed: stop reached
Trade 2 hit stop loss level.Net loss -60 pips
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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.