Bold 370 Pips Buy idea in USD/JPY,are you with me ?
Updated
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.
Note
During this time of the year, with low volumes, you have to take crazy spikes or dipsin your mind before trading
Note
Trade reaches 50 Pips profitNote
Currently in 70 pips profit and looking good so farTrade closed manually
This trade was closed@144.80 on 19 December with 345 pips proft
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