Today is Sunday, June 09th and we are summing up the trading week results.
Profit, $: Japanese Yen, 3,656.
All deals are currently closed and there are no open positions.
Let’s consider last week’s deal in details.
Japanese Yen (closed position)
Setup to sell was on week 18th. We see that the upward movement continues. СOT index has not yet entered the overbought zone. Therefore, the target price of $ 96 looks quite real. Seasonal trend contributes to price growth.
After setup creation, we were already in Japanese Yen’s deal. We waited for the correction. 5 contracts have been bought after the correction. Then we exited the deal on the three-bar stop loss. Now we see that it was the right decision. The profit after the last deal is $ 3,656, the total profit of the trade is $ 7,131. You can see all the deals in our statistics (click here).
At the moment we see the potential of the Japanese Yen, but one more entry into the deal will not be attractive in terms of risk/review ratio. Next week has a lot of current and new setups and the watch list is quite long. Thus, we will choose more attractive deals in terms of risk/review ratio next week.
To sum up the trading week:
Japanese Yen Profit $ 3,656
Total Profit $ 3,656
Today we will plan for the upcoming week and consider new setups.
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