AbhishekHSinghCMT
Long

USDJPY--Big Picture ..from previous updates

FX:USDJPY   U.S. Dollar / Japanese Yen
50 0 5
Bang On...we reached 109.04 as expected in the update@USDJPY--110.15--110.20........................We took short once 109.30 breached downside booked once 109.13....again entered @109.22....this time booked exactly@109.07 between the range 109.01--109.08....Current Low--109.04 ..

In my piggy bank:
Total Pips Profit--(109.29--to 109.13= 16 pips ) ...Short entered again (109.22 to 109.07= 15 pips )...=30 pips

Trading Strategy:
One can go long in the current zone 109.01--109.08....for targets 110.15--110.20 with strict stoploss@ closing below 108.74. Trade with care. Regards
Comment: Ha...Ha...Ha...I forgot to add pips made in failed flag pattern...was short@108.98...for target zone 108.75--108.78...It touched a low@108.789...I booked@108.83 ( 15 pips)....Vow that makes 45 pips ...what a day...exciting & challenging!!
Trade closed manually: I am trading as channel is breached ...which is my ruin point and not ready to risk any further as it is too late >>>going to sleep. Book minimum loss in pips & exit.. If USDJPY breaks 108.74---it could be other way round....Apologies....Good Night from India
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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