USDJPY
TRADE PARAMETERS
Pick Date : 06/07/18
Entry : 109.44
Stop : 109.24
Target : 113.42
TRADE STRATEGY
Income Type : Swing
ENTRY
109.44 is a fresh 5 min demand zone RbR created on the last move up. Speculating a continuation of the bullish trend. Will be doing a set and forget limit order. One can enter in the zone at 109.52 just use risk management and position size accordingly with the suggested stop. My entries are more conservative. Price will need to have a strong move into the zone for things to work accordingly.
STOP
109.44 is 20 PIPs right outside of the low for some protection.
TARGET
113.42 is about 400+ PIPs up in a fresh monthly supply zone.
Trade closed: stop reached:
BUSTED