USDJPY CORRECTION TRADE

10 feb

I prefer to trade with the trend.. but when the higher time frame is correction or making a retracement to create new liquidity, those can be some really great trades. it can take time to complete the full retracement trade, but it still can provide a decent risk to reward. we have a nice impulsive move that broke strong support. there were a few fair value gaps left behind which would need to be filled, and if we can get price to close back above into that 25% fibb area, we can see a nice trade with two targets at 50% and 75% fibb level. not looking to swing this trade past that area as that is the main area for our sells and price is in a current downtrend.

12 feb

Trade chiuso: obiettivo raggiunto

1st main target has been reached. can hold for the remaining pips but this is a winner we are up about 154 pips.. great trade. never let a winner turn into a loser