Original subtitles

0 Hello and welcome back to the next video here, we're looking at the live trade on 1

USDJPY on daily charts. 2

As you see here on 24th of February, I took a Buy Stop position just above the resistance zone upon 3

a double bulls formation, which was also confirmed by high volumes. 4

So, as you see here, the first candle was low volume, but the second large bullish candle was associated 5

to higher volumes. 6

So based on that, I opened a buy entryand my Stop-Loss was just below the previous swing low or below 7

the first candle in the double bulls formation. 8

Guys, this trade is still running and providing an update on 10th of March, and it's running at approximately 9

250 pips in profit. 10

However, I am deciding to close this trade upon this signal top confirmed by heavy volumes. 11

I'm expecting this trade to go further, but for the time being, I am happy with my profits. 12

I will look for re-entry later. 13

As you see here, this position is approximately two hundred sixty pips in profit. So this is what 14

you studied in one of the take profit guidelines that you can exit upon a strong reversal pattern against 15

the direction of your trend, which is also associated to high volumes. 16

Guys this also concludes the analysis on USDJPY forex pair and I will see you 17

in the next live trade of GBPUSD.