We should stay above 112.50 for this idea to work. Likely see some profit taking ahead of risk events. If we break below 112.50 we probably dont want to be in any longs, so a tight stop is recommended.
GL!
As always, trade at your own risk. I am not responsible for your trading actions.
Trade active
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Long from 112.65.
TP1 113.85 TP2 115.35
SL 112.35
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Great trade so far. News releases very soon for USD as well as BOC rate decision. Going to take half off move sl into profit. Let it run :)
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Here I have labeled what I was looking for in order to keep this trade active.
Trade closed: target reached
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Yellen really got this trade going yesterday :D Closing this ahead of target at 115.
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Comments
Trader_Dale
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Thanks for your great analysis mate!
Here is my view on USD/JPY.
It is based mostly on Market profile (volume)
If you are interested there are more intraday and swing trading levels in my profile page. You are very welcome there!
Dale
Here is my view on USD/JPY.
It is based mostly on Market profile (volume)
If you are interested there are more intraday and swing trading levels in my profile page. You are very welcome there!
Dale