GerardValentine

A USD/JPY trade in hindsight

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
I drew up an area where my bias for this pair is long and then drew an hour orderblock zone to take trades to the upside. I realise that i was unable to execute any trades because of the time i got up but I still drew zones on how i would have planned to take trades which would have led to being in some nice profit of 25 pips at least from a small stop loss of 4 pips this is a nice 1:6 rr for scalpers and nice trade to continue to the upside for day traders to get a quick 70-120 pips for a nice 1:17/30 type of trade which is the ideal set ups i would look for. We can still look for reentries all the way up to the top to increase our profits but I already lost 3 entries on this pair and decided to close out for the week. In hindsight my zones were wrong and needed to be refined better to get the entries desired.
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