USDJPY Ranging nicely
Updated
USDJPY has been bouncing between 108 and 114 for almost a year and we're back down at 108. There was a quick sell off so I'm buying the breakout with a stop loss @108. My target is whatever the price is when the daily RSI = 70. There is also bullish divergence and a ton of reversal candlesticks, dojis, hammers etc on the 4H.
Comment
109.66. Stop loss 108.Trade active
109.66. SL 108.Trade closed manually
Closed at 108.92 due to price dropping below trend line again. I will re-open if it moves above it again.Trade active
Closed twice above the trend line so i'm back in at 109.3 and SL = Close below trend line.Trade closed manually
Oops forgot to update, another close under the trend line so I'm out at 107.81!Disclaimer
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