Potential in Yen Strength - a return to 113, and then manage
This is a long strategy in the Yen. You could see in the chart that the idea was to revert back to the mean in the central band. I typed some more info on the logic behind this trade in the comments section. I am still new to this website so there will be more improvement to come in time.
Note
12-15 pips of progress....Since I generated this first signal the USD/JPY lost roughly 15 pips, and in terms of progress that makes it about 20% of my objective. This pattern is a harami which has a tendency or resolving to the downside so as a swing trade, I am setting this up for a close on possibly Monday morning or Sunday night.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.