USDJPY Sell Idea Short

U.S. DOLLAR / JAPANESE YENICE

Description

⋅ Dec 30, 2018 7:30 AM

USDJPY Sell Idea, Breaking 109.779 may open the way to the Weekly Demand Zone (105.954 - 104.626)

Sell Stop: 109.779
Stop Loss: 110.592
Take Profit: 106.895

Expiry 2 month

Risk Management = 0.01/$100
Recommended Leverage not to exceed 1:50
Recommended Risk Ratio 1:2 – 1:3

Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level

Close partially the contract once it reaches 80% of the profit

Trade closed: target reached

⋅ Jan 3, 2019 2:32 AM

Comments

Roczy

⋅ Jan 3, 2019 2:34 AM

Nice

Roczy

⋅ Dec 30, 2018 8:48 AM

How did you analyze this?

Mohamed_Kabesh

⋅ Dec 30, 2018 5:09 PM

@Roczy, As per "Supply and Demand" rules, there is no Demand zone in the way after the mentioned point (based on weekly analysis), that means the way is open till 106.900; however this is based on rules of "Supply and Demand" and under the normal market conditions

Mohamed_Kabesh

⋅ Dec 30, 2018 5:16 PM

@M_K, Consider the following Supply and Demand rules:
- analysing the imbalances and sequences timeframes
- Trend line confluence
- Candle types

Mohamed_Kabesh

⋅ Jan 3, 2019 2:32 AM

@Roczy, Target reached with 300 points profit :)

Roczy

⋅ Jan 3, 2019 2:36 AM

@M_K, Let’s get this rolling :)

Mohamed_Kabesh

⋅ Jan 3, 2019 2:52 AM

@Roczy, :)