Trade of the Week: USD/JPY H1: 13 January: +2.5% Profit (+112 pips)
For more details, click "Examples of Trade" in the menu
On the 13th of January, the H4 alligator is open, we have also an inside bar. We look for a setup on H1, there we have a sleeping alligator and a tight box . We place the pending order below the box. The price drops and we exit when it break the box in the opposite side for +112 pips (+2.5%)
For more details, click "Examples of Trade" in the menu
On the 13th of January, the H4 alligator is open, we have also an inside bar. We look for a setup on H1, there we have a sleeping alligator and a tight box . We place the pending order below the box. The price drops and we exit when it break the box in the opposite side for +112 pips (+2.5%)
I like trading on USD/JPY a lot since everything is easier to manage because of the strong movement, It can obviously be risky as well, so that’s why we got to manage well. I go with OctaFX broker where they have extremely low spread from 0.1 pips while there is also smooth trading platform in cTrader, it further helps me with trading especially with scalping and allows me to be comfortable as well, so that’s why I can trade better.
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