USDJPY Buy Idea
I want to see the price dropping to the range as marked on the chart. Then I will be looking to buy with the breakout of the most recent down trend line.
Step 1 - Price to cross below 109.70
Step 2 - Draw the most recent down trend line on H1.
Step 3 - wait for a breakout above the TL which will trigger the buy
Stop loss below the last low created before the breakout.
Target 1- 110.50
Target 2 – 112.
Step 1 - Price to cross below 109.70
Step 2 - Draw the most recent down trend line on H1.
Step 3 - wait for a breakout above the TL which will trigger the buy
Stop loss below the last low created before the breakout.
Target 1- 110.50
Target 2 – 112.
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