Trading Update on USDJPY Pair:
Lord MEDZ of Big Juicy Pips (BJP's), I have entered a long trade on the USDJPY pair and would like to provide an update on the current status. Here are the details of the trade:
Entry Price: 141.775
Stop Loss: 141.646
Take Profit: Potentially 145, subject to price movement
Since entering the trade, I have made some adjustments to manage my position. I have decided to secure a portion of my profits by taking 33% profit. Furthermore, I have adjusted my stop loss level to 141.687 in order to minimize potential losses and protect the remaining gains.
As the trade progresses, I will closely monitor the price movements and make further decisions regarding profit-taking based on the prevailing market conditions. While my primary target remains at 145, I will adapt my strategy accordingly, considering the risks and potential rewards.
Please bear in mind that trading carries inherent risks, and it is essential to stay vigilant and consider various factors, including market volatility, fundamental developments, and technical indicators. It is advisable to consult with a financial advisor or professional trader to align your trading strategy with your individual circumstances.
Best regards,
Lord MEDZ of Big Juicy Pips, BJP's
Lord MEDZ of Big Juicy Pips (BJP's), I have entered a long trade on the USDJPY pair and would like to provide an update on the current status. Here are the details of the trade:
Entry Price: 141.775
Stop Loss: 141.646
Take Profit: Potentially 145, subject to price movement
Since entering the trade, I have made some adjustments to manage my position. I have decided to secure a portion of my profits by taking 33% profit. Furthermore, I have adjusted my stop loss level to 141.687 in order to minimize potential losses and protect the remaining gains.
As the trade progresses, I will closely monitor the price movements and make further decisions regarding profit-taking based on the prevailing market conditions. While my primary target remains at 145, I will adapt my strategy accordingly, considering the risks and potential rewards.
Please bear in mind that trading carries inherent risks, and it is essential to stay vigilant and consider various factors, including market volatility, fundamental developments, and technical indicators. It is advisable to consult with a financial advisor or professional trader to align your trading strategy with your individual circumstances.
Best regards,
Lord MEDZ of Big Juicy Pips, BJP's
Trade active:
Trade closed manually:
Listen up. I have taken the profit and waiting for a re entry. I think we may see a retracement into a discounted area before a break higher. Hopefully.
Comment:
Lord MEDZ