USDJPY trade plan
Updated
My previous setup worked out well. So again for this pair like I did with NZDUSD I have two plans. The circled area is the one that I am keeping a close eye on which is around the 107.00 price mark. In case of a break out/break down I will follow wherever the price takes me.
Trade active
I saw a double top formation around the 107.763 price mark had I marked my support and resistance areas. As I said in my initial analysis I was following price and was waiting for a clear direction. My entry was triggered around the 107.451 price mark to the downside and will wait for the TP.
Trade closed: target reached
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