July 29 2025 I entered the buy entry on the USDJPY pair at 148.23 with a 30 pip stop loss at 147.93 and looking for a move higher towards the Asia high.
Buy Trade Setup
1. Price taps in the bullish demand zone. (Gray).
2. Bullish divergence formed signalling bulls/buyers are stepping in to push pair higher. (Red line)
3. Stochastic Indicator in the oversold zone. (Pink)
4. All combined together and entered the BUY/LONG with confidence.
USDJPY 15 Minute Chart July 29 2025 (Trade entry)
USDJPY 15 Minute Chart July 29 2025 (Trade closed)
USDJPY moves higher and hits 1.5R target at 148.68 from 148.23 and I closed trade for +45 pips (+1.5% gain risking 1% on every trade)
A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG.
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX
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