USDJPY ‘Support Nearby’ Setup +31 pips

Setup: Support Nearby
Order: Long Stop Order (111.79)
Initial Risk:Reward: 1.73

Support Nearby

After an alert on long-term SUPPORT NEARBY, and nearby DEMAND signals, I went long at 111.79. Later it was closed at 112.10 because of Time close signal.

 

Disclaimer: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, these trades were taken by our proprietary robot that takes both positive and negative trades in a simulated setting for purely educational purposes.

 

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2 comments

Andrii said:

Reply
October 16, 2018 at 8:45 am

The same kind of setup is still active on H1 timeframe with tp @111.42
https://i.imgur.com/B6UAJip.png

Moreover, further consideration

— mark [email protected]
— 2xvol reversal and [email protected]
[email protected] make sense to keep the deal running higher.

Vladimir V said:

Reply
October 16, 2018 at 9:10 am

Yes, you are right, a very good setup also.

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