Daily Analysis - USDJPY

 

• Signal Appearing

  From chart we see the up trending seems ending at about 115.50, after there is a "N" drop(yellow) to about 112.56 which broke the trendline(red) leading us a signal of climb up ending. 

• Position Plan 

  In the climbing up, we see a range bound(blue rectangle on the left), we make a similiar rectangle with same length then we may open a short position around 114.00 and stop-loss above 115.60. 

• Risk Control 

  Make sure the stop loss respecting our fund management strategy. By example, the stop-loss is 3~5% of your equity. 

• Profit Expect 

  We may put take-profit around 112.56 directly and wait for either stop-loss or take-profit except for it going a little after the Vertical line(Red, or the right edge of blue rectangle on the right) still in the blue rectangle, we close the position.

  We may also put take-profit lower like around 112.00 and if it goes below the blue rectangle on the right hand within the length of it, we move stop-loss to the bottom of it and close half of the position.

• Profit Flying

  Hold the other half position until the take-profit or where you feel enough as you wish.