The UsdJpy break and closed above the trend-line resistance on 28th of March.
The price has retraced since then and retested the trend-line which act as a support now. The UsdYen got pushed higher yesterday but it did not provide me with a good signal to go Long.
Fortunately, the UsdYen dropped again just now and a well-defined Pin bar can be spotted on the 4hr chart for a potential Long entry.
My position :
Entry : 106.30
SL : 105.40
TP : 107.65
*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
The price has retraced since then and retested the trend-line which act as a support now. The UsdYen got pushed higher yesterday but it did not provide me with a good signal to go Long.
Fortunately, the UsdYen dropped again just now and a well-defined Pin bar can be spotted on the 4hr chart for a potential Long entry.
My position :
Entry : 106.30
SL : 105.40
TP : 107.65
*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
Comment:
P/S : This setup is also anticipating the right Shoulder (Head & Shoulder) pattern to form.
Comment:
Moved my Stop to breakeven. Zero stress now. Good luck to all!
Trade closed manually:
Dollar news is coming out in few hours time.
I am up with nice profit and I have no mean giving it back just because trying to squeeze another 25 pips of profit.
Closed my DollarYen trade manually for a nice 1.25r
Month to date performance
2.75r
GbpCad (+1.5r)
UsdJpy (+1.25r)
I am up with nice profit and I have no mean giving it back just because trying to squeeze another 25 pips of profit.
Closed my DollarYen trade manually for a nice 1.25r
Month to date performance
2.75r
GbpCad (+1.5r)
UsdJpy (+1.25r)