Description
⋅ USDJPY Range Analysis for 2017 4th Qtr.
High @ 114.40
Low @ 105.52
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Comment
⋅ BUY Entry Order placed @ 112.960
Comment
⋅ T/P @ 113.650
Set S/L accordingly
A break below 111.75 will deem this set-up invalid.
Comment
⋅ Designated support broken. Set-up invalid on NK news.
"Where one opportunity closes, another one opens."
Comment
⋅ Trade idea for over night Asian session:
Expecting Srong support of 112.05. to hold. If 113.25 is reached, will expect rise to 113.65 level and if broken, a re-test to 114.00 level.
Would close out between those levels for T/P and stand aside as I believe a fall could likely occur.
Personally, I will not be trading this pair but will observe the analysis.
Comment
⋅ Decided to put it to the test:
Entry Order placed @ 113.25
T/P @ 113.85
Total target = 60 pips
Comment
⋅ Entry not reached within timeframe, order cancelled.
Comment
⋅ BUY Entry Order placed @ 111.75
T/P @ 113.5
Total Target = 175 pips
Comment
⋅ SELL Entry order placed @ 113.010
T/P @ 112.540
Total Target = 47 pips
Comment
⋅ BUY Entry order
T/P changed to 113.000
Total target = 125 pips
Comment
⋅ All Entry Orders cancelled