We can see a trend and a correction on USDJPY. The correction trend-line has broken to the upside and I have entered a long (buy) position at the current pullback level. This is a C wave trade.
Tp 1: 110.030
TP 2: 110.200
Should the previous high break, I have a target of 111.000
Tp 1: 110.030
TP 2: 110.200
Should the previous high break, I have a target of 111.000
Note
TP1 and TP2 have both been achieved and I closed partial positions there. My remaining position SL is just above entry and is a risk free position now.Trade closed: target reached
TP1 and TP 2 were achieved. The balance of my position was closed at break even.
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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.