Trade of the week: EUR/JPY H1: 6-7 February: +3% (+115 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
On the 6th of february, on H4, this is the start of a wave down, on H1, we have a small box with a triple lower level (D1, H4 and H1). We place a pending order below the box (the SL above the red line being at 35 pips) which is triggered just before Francfort Open, the price drops and we exit the next morning when the price breaks the upper level of the box for +115 pips which is more than +3% profit. A classical H1 trade in the direction of H4.
For more details and examples of trade, click "Examples of Trade" in the menu
On the 6th of february, on H4, this is the start of a wave down, on H1, we have a small box with a triple lower level (D1, H4 and H1). We place a pending order below the box (the SL above the red line being at 35 pips) which is triggered just before Francfort Open, the price drops and we exit the next morning when the price breaks the upper level of the box for +115 pips which is more than +3% profit. A classical H1 trade in the direction of H4.
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