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armandmrr
Feb 16, 2018 1:49 AM

USDJPY H1 DIVERGENCE AND END OF H1 WAVE 5 Long

U.S. DOLLAR / JAPANESE YENICE

Description

On the chart it shows that USDJPY this week are in downtrend, on H1 I see divergence. I try to catch falling knife this time with help sign from end of wave 5.

Entry level 106.10 - 106.20

Risk 50 pips

TP1 100 pips
TP2 200 pips
TP3 300 pips

Good luck

Trade active

All 3 long positions at 106.18

Trade closed: stop reached

Comments
andrewau2014
Are you sure USD is going to get stronger? Tell me what indicators are to watch?
armandmrr
@andrewau2014, when I see from chart, I'm sure USD get stronger for correction. I use MACD indicator and looking for a divergence. But be careful, placing trade at correction need perfect entry. That's why I hit my SL because jumped too early. I re enter 3 long at 105.70.
andrewau2014
@armandmrr, Good prediction.
armandmrr
@andrewau2014, thanks, but for now UJ going south
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