USDJPY : BUY
Updated
TRADE PARAMETERS
Pick Date : 03/26/18
Entry : 105.05
Stop : 104.85
Target : 108.80
TRADE STRATEGY
Income Type : Swing
ENTRY
105.05 is a new 4H demand zone . Will be doing a set and forget limit order. One can enter in the zone at 105.18 just use risk managment and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
STOP
104.85 is 20 PIPs right outside of the low for some protection.
TARGET
108.80 is 375 PIPs up in a fresh daily supply area with a 4H supply zone nested. Price will struggle to break the first test.
Pick Date : 03/26/18
Entry : 105.05
Stop : 104.85
Target : 108.80
TRADE STRATEGY
Income Type : Swing
ENTRY
105.05 is a new 4H demand zone . Will be doing a set and forget limit order. One can enter in the zone at 105.18 just use risk managment and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
STOP
104.85 is 20 PIPs right outside of the low for some protection.
TARGET
108.80 is 375 PIPs up in a fresh daily supply area with a 4H supply zone nested. Price will struggle to break the first test.
Note
Trade idea is still valid but may update with new demand zones later to still include this same zone.
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