Previous institutional supply zone we are testing.
Expecting a 2:1 / 3:1 RR.
Markets look like breakout however YEN is cheap at this level to institutions so expecting a nice bounce of these levels for some YEN strength. Effective with most JPY pairs right now.
My entry right now is 144.113.
SL: 40 PIPS
TP1: 80
TP2: 100
TP3: 120
Expecting a 2:1 / 3:1 RR.
Markets look like breakout however YEN is cheap at this level to institutions so expecting a nice bounce of these levels for some YEN strength. Effective with most JPY pairs right now.
My entry right now is 144.113.
SL: 40 PIPS
TP1: 80
TP2: 100
TP3: 120
Commentaire:
Increased SL to 50 Pips as looking like more momentum, but still expecting a bigger drop down after
Commentaire:
As expected the drop came, moved SL to 20 pips after entry.
First TP still 80 pips where I will close half my position. About 10 pips from there right now.
First TP still 80 pips where I will close half my position. About 10 pips from there right now.
Trade fermée manuellement:
Closed out with 72 pips of profit, didn't want to hold over the weekend.
Commentaire:
Would have hit the 80 pip profit on the dot if you held