USD/JPY Price Forecast 5th November 2024

Strategy: Flip 55

The Flip 55 is a trend-following strategy. This straightforward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%.

Recommended Timeframe

This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes.

Trade Details

Currently, the Flip 55 strategy has identified a trading opportunity on the USD/JPY pair within the H4 timeframe. I’ve shared a trade setup image for your reference. The details of the trade are as follows:

Pair: USD/JPY
Timeframe: H4
Sell Stop: 150.695
Stop Loss (SL): 153.545
Take Profit (TP) 1: 147.830
Take Profit (TP) 2: 145.550
Take Profit (TP) 3: 143.270

Lot Size

For risk management, ensure you do not risk more than 2% of your account per trade. For instance, with a $10,000 account, the maximum risk should be $200.

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To Your Success!
Tim Morris