USD/JPY – take profit!

Good afternoon traders! Congratulations to those who used our trading idea of opening long positions to increase the USD / JPY rate. The quotes successfully reached the level of 108.

Trading idea on May 13:

Trading idea on June 1:

Both ideas suggested trading in a classic ABC pattern.

Here is the plan of May 13:

Exchange Rates 03.06.2020 analysis

Here is the plan of June 1:

Exchange Rates 03.06.2020 analysis


Exchange Rates 03.06.2020 analysis

The movements were 1,400 and 700 pips, respectively!

“Price Action” and “Stop Hunting” strategies were used in formulating both ideas.

Good luck!

Source: USD/JPY – take profit!

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