USDJPY-- FAILED FLAG PATTERN TURNED INTO PROFITABLE TRADE

19 Apr 2016

This is how one should be very fast in taking decisions because market kills if you are against or trading in opposite trend to market. Once I realised that 108.98 is the consolidation base for flag pattern & was looking out for upside target 109.25--109.35 but realised that even 1-2 Hrs the pair was struggling to move above 109.10 & I immediately updated to put cost stop loss@108.98 .Post that It was also updated that we should be creative to trade failed pattern as well-which I did as soon as 108.98 was broken downside-as per expectation I was looking out for target zone 108.75--108.78....USDJPY went very close to the zone 108.789

19 Apr 2016

Dagangan aktif

Boom...we got 1st tranche ....12 pips..Just hit 109.30....look for retracement for joining back in bull camp. enjoy