Thursday, May 15, 2014

USDJPY Trade filled - 15.05.14

USDJPY Trade filled - 15.05.14


Hi readers, got some time on my hands for me to upload this trade which got filled this morning during asian open


  • In conjunction with my analysis for UJ earlier this week, I identified bullish signals, therefore i have set my buy orders at high prob retrace fib number.
    • For this trade i am placing just above the 78.6 as i see a potential to the upside.
      • Note we did try to break above the 4hr Ichimoku clouds, then failed and this could be a market retest / false break the s/r before the some bullish movement.
      • My R:R is 1:1 - currently my order which got filled was nearly to the pip so didn't get any price movement against me. Will take out the risk when appropriate to secure my profits.
Good luck guys


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