Reached 16 years high, liquidity only below.
Updated
Everything is pretty much on the chart. But looking at fundamental, there is no way the BOJ will let it go further, they will do as always and bring it back down. Take the ride down, feel free to target any of the demand zone or just manage the trade with trailing S/L, I'm gonna let it run as far as a swing trade can allow it.
Be safe!!
Be safe!!
Comment
Price has started to move nicely on the M1 and M5. The following is my own risk management, according to my position size, yours might be entirely different.
S/L reduced from 6 pips to 3 pips
1st Target is 9 pips from entry, once there I will move S/L to 3 pips profit...
Trade active
6 pips reached, S/L moved to break even, momentum has slow down a bit, stay in the loop...Trade active
I am more a scalper but I have things to do right now so I will for once set and forget, sitting at 7 pips profit right now, S/L moved to 3 pips profit. Keep watching and trailing, that might go way down!!!Trade closed: target reached
And that's why I prefer to mange my trades on a short timeframes, price reached 14 pips profit and moved back. Still closed in profit but hey, 14 pips would have been better.Trade safe!!
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