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Usdjpytradeidea

Pin bar signalThe marked resistance level was broken and price action completed a pin bar that pinned the resistance as support. For this type of trade setup the stop is best placed below the pin bar where the move is deemed invalid. A good target is calculated by being at least 2x that of the stop level. Based on the weekly time frame view, a buy idea is supported by the support holding AND a pin bar that pinned the major support. See the weekly view in the related ideas link below: Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Long
by Cmasterza
USDJPY Short FX:USDJPY Welcome back to a new trading week :) Following some bullish trade ideas from last week and the week before, long orders were closed with little profit as the charts slowed down on the bulls and started to bring signs of bearish price action to the charts... I have applied the top down method in analysing to find on W1 and D1 time frame corresponding with my H4 view. Here we can see a short term trend line broken to the down side around a key level. On D1 I have noted that Friday's candle has pinned the 21 ema which is a great indicator to get in on a short of the trend is generally down. Sell order opened @ market price 109.328 with SL above the recent highs @ 110.272 and TP around the swing low on the left @ 106.988 On this trade I am rising 95 pips for 235 on the reward end BUT if you check the recent swing low on W1 you will find that this trade has a 500 pip potential. Don't bet the farm and always exercise healthy risk management!
Short
by Cmasterza