Trade of the week: USD/JPY H1: 3-6 of October: +7% (+181 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
On the 3rd, on the daily chart, we have a sleeping alligator, on H4, we have a start of an upper trend in an up and own chart. On H1, we see a setup after an 1-2 move on the ewave. We place a pending order above the box with a SL below the box at 25 pips. The price triggers the order and after some hesitation, the price moves up harmoniously. We exit at the close of the candle below the green line (because of the divergence) for +181 pips (+7% profit). A beautiful classical trade, setup on H1 within the the H4 trend.
For more details and examples of trade, click "Examples of Trade" in the menu
On the 3rd, on the daily chart, we have a sleeping alligator, on H4, we have a start of an upper trend in an up and own chart. On H1, we see a setup after an 1-2 move on the ewave. We place a pending order above the box with a SL below the box at 25 pips. The price triggers the order and after some hesitation, the price moves up harmoniously. We exit at the close of the candle below the green line (because of the divergence) for +181 pips (+7% profit). A beautiful classical trade, setup on H1 within the the H4 trend.
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