Hello everyone
I hope you had a great trading week as we made some good profits on the GBPCHF trade this week. We are about to hit TP soon.
For next week I'll be looking at USDJPY as my trade of the week.
Reasons for focusing on USDJPY
1. Leading diagonal being formed
2. MACD divergence on 1 HR and 4HR timeframes
3. Liquidity (sellers) at the top have to be "activated" to take out liquidity and gaps at the bottom. 144.485 area
Entry: 151.745
Stop Loss: 153.456
Take Profit 1 : 147.289
Take Profit 2 : 144.235
I hope you had a great trading week as we made some good profits on the GBPCHF trade this week. We are about to hit TP soon.
For next week I'll be looking at USDJPY as my trade of the week.
Reasons for focusing on USDJPY
1. Leading diagonal being formed
2. MACD divergence on 1 HR and 4HR timeframes
3. Liquidity (sellers) at the top have to be "activated" to take out liquidity and gaps at the bottom. 144.485 area
Entry: 151.745
Stop Loss: 153.456
Take Profit 1 : 147.289
Take Profit 2 : 144.235
Trade active:
A massive move on a Monday! Time to take what's offered...take 40-50% off and move the rest at break even.
Trade closed: target reached:
Take profit 1 hit.
Trade closed: target reached:
Take profit 2 hit.