empty
 
 
20.04.2020 09:47 AM
Trading idea for USD/JPY

This image is no longer relevant

Good afternoon dear traders! Here is a trading idea for USD/JPY.

Since the end of March, the pair has been under pressure and has several times come close to the round level of 107:

Therefore, I suggest lowering the pair below 107 using the "stop hunting" method:

D1:

This image is no longer relevant

Today, two downward scenarios are possible:

H1:

This image is no longer relevant

The most profitable option is to sell the pair with a false breakdown of 108, and hold the deal until the breakdown of 107. Possible movement is 1000p.

Good luck!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback