USD/JPY analysis - 24 Oct 2024
Updated
152.3 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 151.8.
If price breaks above 152.3 then it should hit 152.93.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell USD/JPY @ 152.1
Stop Loss @ 152.3
Take Profit @ 151.8
Trade 2 (Risk 1% of your account size);
Buy Stop USD/JPY @ 152.3
Stop Loss @ 152.1
Take Profit @ 152.93
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
If price breaks above 152.3 then it should hit 152.93.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell USD/JPY @ 152.1
Stop Loss @ 152.3
Take Profit @ 151.8
Trade 2 (Risk 1% of your account size);
Buy Stop USD/JPY @ 152.3
Stop Loss @ 152.1
Take Profit @ 152.93
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
Trade active
Trade 1 is activeTrade closed: stop reached
Trade 1 hit stop loss level.Trade active
Trade 2 is activeTrade closed: stop reached
Trade 2 hit stop loss level.
Net loss -60 pips
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