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WaveAnalysis
Mar 9, 2018 12:22 PM

USDJPY Long Chance with NFP Long

USD/JPYOANDA

Description

Hello traders.

NFP will be out soon. I like to share with you this trade setup because the potantial of up side is huge:
I like to put an entry order above previous top. My goal here is being in the trade if it starts to go up with high momentum thanks to NFP. If you decide to put an entry order, it shouldn't tagged before news event, be careful. I'm risking 0.5% of my account for this trade.

Trade active

And it doesn't go anywhere. Probably it will make a correction and this correction will stopped me out. We see. That's why I took this trade with a smaller risk then usual.

Trade closed: stop reached

That's why I hate trading news events.
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