USD/JPY LONG TERM HOLD! CUP & HANDLE FORMATION FINALLY BROKE OUT
Updated
Hello everyone,
In this tech analysis I see a long term cup and handle formation that has finally broke out.
We need to pullback to our new found support (highlighted in green) and I will size in for a long to 115.25 and beyond, looking for an easy 200 pip+ long term play.
What do you guys think?
Entry: 113.00
Stop: 111.75
TP1: 114.00
TP2: 115.25
TP3: 118.50
#USDJPY
#CupandHandle
#TechnicalAnalysis
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profitinpips.com
In this tech analysis I see a long term cup and handle formation that has finally broke out.
We need to pullback to our new found support (highlighted in green) and I will size in for a long to 115.25 and beyond, looking for an easy 200 pip+ long term play.
What do you guys think?
Entry: 113.00
Stop: 111.75
TP1: 114.00
TP2: 115.25
TP3: 118.50
#USDJPY
#CupandHandle
#TechnicalAnalysis
If you want to receive weekly trade alerts, subscribe to our services!
profitinpips.com
Note
TP1 hit, looking for retest of new found support before heading higher.Note
After TP1 was hit we were unable to open a new trade in our designated buy zone, will be doing an update.
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