Trade of the week: USD/JPY H1 on the 23-24 of April : +5.5% (+88 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
On the monday 23rd, on D1 this is a bullish corrective wave turning into a new bullish impulsive wave, the price is above the box, on H4 the trend is up with a start of a new bullish wave. On H1, the trend is also up, this setup (break of the box) could be the 3rd break but the price has not move a lot yet and this is the start of the week. We put a pending above the box, the initial Stop Loss below the box is only at 16 pips. The order is triggered at London Open and the price moves quickly up, always away from the green line. The next day at the end of the afternoon, we have a first signal of exit: BDC and divergence, we could exit below the BDC for +110 pips (nearly +7% profit) but we prefer to let the trade run as the Ewave is peaking on H4. Therefore we exit a bit later when the price breaks the lower level of the box for +88 pips (+5.5% profit). A classical trade in the direction of the 3 time frames.
For more details and examples of trade, click "Examples of Trade" in the menu
On the monday 23rd, on D1 this is a bullish corrective wave turning into a new bullish impulsive wave, the price is above the box, on H4 the trend is up with a start of a new bullish wave. On H1, the trend is also up, this setup (break of the box) could be the 3rd break but the price has not move a lot yet and this is the start of the week. We put a pending above the box, the initial Stop Loss below the box is only at 16 pips. The order is triggered at London Open and the price moves quickly up, always away from the green line. The next day at the end of the afternoon, we have a first signal of exit: BDC and divergence, we could exit below the BDC for +110 pips (nearly +7% profit) but we prefer to let the trade run as the Ewave is peaking on H4. Therefore we exit a bit later when the price breaks the lower level of the box for +88 pips (+5.5% profit). A classical trade in the direction of the 3 time frames.
No comments:
Post a Comment