Bold 370 Pips Buy idea in USD/JPY,are you with me ?
Hello fellow traders and the entire Tradingview community. I have come up with a bold new idea on USDJPY which can give us more than 320 Pips profit if it goes according to plan.
As you can see from the hourly chart, USD/JPY is currently back to the same level as it was
last Thursday. So, based on a simple demand and supply strategy, we can expect UJ to go up from this level provided this zone is not broken.
As an aggressive trader, I have already bought UJ@141.35 with a target of 145. I do not use a stop loss, but you can probably use an SL below the demand zone. Make sure you do not get stop-hunted.
As you can see from the hourly chart, USD/JPY is currently back to the same level as it was
last Thursday. So, based on a simple demand and supply strategy, we can expect UJ to go up from this level provided this zone is not broken.
As an aggressive trader, I have already bought UJ@141.35 with a target of 145. I do not use a stop loss, but you can probably use an SL below the demand zone. Make sure you do not get stop-hunted.
Comment:
Trade reaches 50 Pips profit
Comment:
Currently in 70 pips profit and looking good so far
Trade closed manually:
This trade was closed@144.80 on 19 December with 345 pips proft
in your mind before trading