USDJPY Trade 30 Jun - 04 Jul 2017
I entered this long trade on 30 Jun 2017 at 111.749 with an initial stop at 111.25 risking -49.9 pips after USDJPY pulled back to its support area (S1). S1 was previously a resistance level taken out by a bullish breakout.
I took partial profit at 112.887 (Exit #1) for a +113.8 pips gain when USDJPY hit its resistance area (R1) and at 113.305 (Exit #2) for a +155.6 pips gain when USDJPY hit its resistance area (R2) both on 03 Jul 2017. I trailed the stop for my last units just below R1 and was stopped out at 112.81 (Exit #3) for a +106.1 pips gain on 04 Jul 2017.
I took partial profit at 112.887 (Exit #1) for a +113.8 pips gain when USDJPY hit its resistance area (R1) and at 113.305 (Exit #2) for a +155.6 pips gain when USDJPY hit its resistance area (R2) both on 03 Jul 2017. I trailed the stop for my last units just below R1 and was stopped out at 112.81 (Exit #3) for a +106.1 pips gain on 04 Jul 2017.
I should have re-entered after the bullish pinbar at R1 but I hesitated.
Nonetheless it was still a good trade, where overall I made +1.208%.
Disclaimer:
Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.
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| USDJPY H4 Chart |
Disclaimer:
Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.
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