Trade of the week: USD/JPY H1: 23-25 of November: +6% (+198 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
On the 23rd, on D1, this a big wave 3 up, on H4, the wave is up in spite of few divergences, and on H1, we have a small box (initial SL at 35 pips) and the ewave is close to the zero line. We place a pending order above the box which is triggered before NY open. The price flies and we exit on the 25th after few divergences, while the price is breaking the upper level of the box for +198 pips (more than +6% profit). A very good classical trade.
For more details and examples of trade, click "Examples of Trade" in the menu
On the 23rd, on D1, this a big wave 3 up, on H4, the wave is up in spite of few divergences, and on H1, we have a small box (initial SL at 35 pips) and the ewave is close to the zero line. We place a pending order above the box which is triggered before NY open. The price flies and we exit on the 25th after few divergences, while the price is breaking the upper level of the box for +198 pips (more than +6% profit). A very good classical trade.
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