Long USDJPY at 108.951 or anywhere below 109.5

Trading Plan: medium size long order at 108.951 or wherever below 109.5; take profit at 111, 114.5 and 117.5. Stop loss at 106.5

Reasons:
1) Hong Index No.1 at 100 while COT_IO_Index at very low level but has a trend to moving up.
2) Profit and stop loss price is calculated by Fibonacci levels
3) US's strong opinions over North Korean may cause fear to the future of Japan economics and at the same time encourage ventures to go back to US.

Wish you all best of luck at trading!

Commentaire:

Results: bought 0.5 lot at 109.217 and took profit of 687.2 USD at 110.739; bought 0.5 lot at 109.217 and took profit of 800.49 USD at 110.994; bought 0.2 lot at 109.234 and took profit of 339.28 USD at 111.119; bought 0.5 at 109.235 and took profit of 789.73 USD at 110.998. Total: 2616.7 USD.

Learning: Early exist because the Hong Index for USDJYP was not fine tuned before placing the order.