TheFxAce

[TRADE CLOSED] Position Went As Expected +340 Pips

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Quick update for you on this position after getting the entry signal on Friday and the intial 200 pip pop were we had closed 50% of the position and moved the STOP to entry price (which nearly got hit yesterday).


You can now see its moving nicely towards the 139 area I talked about in Friday's post the PMI numbers helping price go above 137 today I have now closed 80% of the position and moved the stop loss to 136.500 as I suspect sellers might come back in soon towards 138.


All in all it was a great trade with the entry signal of the indicator near perfect you can read my related posts to see exactly why I entered when I did.

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