USDJPY - Buy
Updated
I'm Liking the look of this trade set up on USDJPY. - price has created a inverse head and shoulder pattern.
As the daily has closed as gravestone doji , we could potentially see price fall to my area of support 106.9 which would be my ideal entry.
However, upon market open if price manages to have a clean break above my 108.07 level of resistance, I'd be awaiting for a retest
But for the better risk2reward, i would like to see price action to my area of support before looking for potential buys
my profit target would be at 109.4 -
As the daily has closed as gravestone doji , we could potentially see price fall to my area of support 106.9 which would be my ideal entry.
However, upon market open if price manages to have a clean break above my 108.07 level of resistance, I'd be awaiting for a retest
But for the better risk2reward, i would like to see price action to my area of support before looking for potential buys
my profit target would be at 109.4 -
Trade active
Trade closed: target reached
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.