Successfultrade
USDJPY BUY USDJPY sitting at solid support.. also at bottom of channel that it's been forming
The green circle is the buy zones and the arrows give you a sense of how I expect it to move...
simple break above trend, goes up and hits resistance, then falls down to the trend line to test and then go higher...
The price labels show where I plan to take partial profits as well as my final take profits.
Successful Trade: GBPUSD Short aftermathHere is the aftermath of the Heads and Shoulders pattern i earmarked 2 days ago. I have taken profit on my two shorts, One at 1:4 risk reward and the other at 1:6 risk reward making total profit of 10R.
I hope you enjoyed the trade traders. Follow me for more GBPUSD insights and check my profile for the buildup to this trade.
P.S I took the first trade before the H&S formed, it was based on a Short thesis I was already building due to the multi-year resistance at 1.35. The H&S was just a motivation to add to the position
95 pips = 950 Bucks... Successful Trade! Achieved the 1st Target
As I said earlier in one of my previous posts on USDJPY:
" So, what I would suggest is taking trades with 3 lots with conservative stops at or just below 24th September low at 106.960 or 106.950 and targets at -
1. 18th September high at 108.450 or 108.5 ---------------------->
2. The next Resistance levels at 109.000
3. The last lot will be left with trailing stops at appropriate levels. "
----------------------> Achieved my first target . Exited 1 lot of my trades at this target. That's 95 pips made on this trade.
Still on the trade with 2 more lots with trailing stops at appropriate levels.
I will continue updating what happens with this trade. So, stay tuned...
For traders who want to know more about my techniques or have any queries, you can chat with me directly through private chats. I will reply you back as fast as I can. Kindly like this post . Also, please do comment in the comment sections below . And I will love it if you follow me .
Thank You!