we are using H4 Chart for our trading analysis as we see that from the current market that the price is at their highest support level and we should expect two possible trades from this position we will suggest two orders from here one will be for short term trading and the on other will be long term trading but short term trading will be a little risk free trading and for long term trading you will be very careful with the lot size.
| Instant Order | Price | Pending Order | Price |
|---|---|---|---|
 | 1.10350 |  | 1.10110 |
| Take Profit | 1.10500 | Take Profit | 1.09850 |
| Stop Loss | 1.10103 | Stop Loss | 1.10400 |
For USDJPY I would like to use same H4 chart to analysis the market as the market is bearish so we will have to go with the market trend as they are looking almost 85 % to the downward side so we will have to take around 200 Pips from the market easily but we should be careful with the orders take profit and stop loss always to make sure to be on safe side.
| Instant Order | Price | Pending Order | Price |
|---|---|---|---|
| 106.145 | | 105.927 |
| Take Profit | 105.927 | Take Profit | 106.027 |
| Stop Loss | 106.858 | Stop Loss | 105.324 |
It should be kept in mind that do not wait for the exact figure of the take profit something is better than nothing you can watch if you get enough profit from the pair you can manually stop the trade and take the profit from it.
Disclaimer:
we are not a financial advisors we are doing the analysis for the fun and we are just sharing our experience of trading with the steemians and other traders to help us with their experience, You comment regarding trading will be really appreciated.
All the traders who are new to the trading they must be very careful with the lot size and leverage for sure because if you are lossing the margin you will be not able to make a reasonable profit from the pairs we discuss.
