USD/JPY Forecast 18/02

18 feb 2016

Overall movement: Downtrend
Looking for a trend continuation trade at the key area of 113.30

19 feb 2016

Nota

Now that the price has gone in the expected direction and after its first pull back to the Key area , one can trail the Stop Loss around the 114 area. Of course everything related to the trade management must be in accordance to the risk tolerance of each person

22 feb 2016

Nota

Now that the trade is triggered and that the price has given more price structure and signals one can start to trail the Stop Loss

23 feb 2016

Nota

At this point after the price has already achieved more than the 1:1 Risk :Reward one could take partial profits for example 50% of the position, this kind of trade management makes the trade free of any risk and one can see the price action developed without fear .... Lets see how it goes

23 feb 2016

Nota

24 feb 2016

Trade chiuso: obiettivo raggiunto

The trade reached the target area.

For the moment we are out but it does not mean that the trend is over, now the task is to look for more trading opportunities