Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential short position for at-least 200 pips.
I'll post a weekly chart, It has a potential to go up and then it will go for another down move.
.TP & SL are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point or 106.200, you can still catch 100 pips till TP1 is reached, however there is still a possible move up towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go short right away & manage your stop loss accordingly.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity .
Don't forget to like, If you like my analysis :)
I'll post a weekly chart, It has a potential to go up and then it will go for another down move.
.TP & SL are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point or 106.200, you can still catch 100 pips till TP1 is reached, however there is still a possible move up towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go short right away & manage your stop loss accordingly.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity .
Don't forget to like, If you like my analysis :)
Trade active:
As Titled - USDJPY -Short Position -Atleast-200-pips
Entered at 107.480, Partial Closed at 105.750 - Earned 173 Pips :)
Close Partial Position or Move Stop Loss to BE or Preferably 85 Pips Profit, if you want to continue with the trade...
Good Luck !
Don't forget to like if you have followed this idea and made a profit. :)
Entered at 107.480, Partial Closed at 105.750 - Earned 173 Pips :)
Close Partial Position or Move Stop Loss to BE or Preferably 85 Pips Profit, if you want to continue with the trade...
Good Luck !
Don't forget to like if you have followed this idea and made a profit. :)
Comment:
205 Pips :)
Comment:
104.990 - 249 Pips :)
Trade closed: target reached:
TP-2 Hit - Entered 107.480 , Closed @ 104.000
Earned 348 Pips.
Don't forget to like if you have followed this idea and made a profit. :)
Earned 348 Pips.
Don't forget to like if you have followed this idea and made a profit. :)