Bought: 160.875Take profit: 161.07Profit: $162.68 Analysis Using Top-Down Approach Daily Timeframe Overall market structure is an uptrend, with higher highs and higher lows. 4 Hours Timeframe Continuing from the trade here, the…
Category: My Trades
USDJPY Trade Execution on 8 July – Profit
Bought: 160.40Take profit: 161.058Profit: $548.48 Analysis Using Top-Down Approach Daily Timeframe Overall market structure is an uptrend, with higher highs and higher lows. 4 Hours Timeframe Identified and marked out strong supply…
USDJPY Trade Execution on 5 July – Loss
Sold: 161.15Stop-out: 161.35Loss: $168.49 Analysis Using Top-Down Approach Daily Timeframe USDJPY is in an uptrend. 4 Hours Timeframe Trend is potentially reversing from an uptrend to a downtrend. Update.. Trend has turned…
EURUSD Trade Analysis
Look for a buy position. Rationale Daily Timeframe Overall market structure was a downtrend. However, price has potentially just reversed from a downtrend to an uptrend. Price has broken structure, i.e. the…