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03.06.202009:37 Forex Analysis & Reviews: USD/JPY - take profit!

Exchange Rates 03.06.2020 analysis

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: https://www.mt5.com/forex_analysis/quickview/250755

Trading idea on June 1: https://www.mt5.com/forex_analysis/quickview/251988

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

Results:

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!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2021
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