Long

USDJPY MEDIUM TERM TRADING IDEA

Updated

USDJPY - In the begining of April we expecting to drop till 109.00 area and after that after confirmation of uptrend to take off in next 2-3 months to 120.00 area. Trading idea is 70% technical and 30% fundamental. Risk-reward 1:5. There are big probabilites currency pair to get in range for a while in the end of April. Happy trading :)

Note

Trade floating over breakeven - its medium term note this - probably will hold trade over 3 months. Stop is big but also reward ratio will reward us well. Just hold and be patient about this trade.

Note

Trading idea perform well - profit is over 230 pips in this moment - waiting for more

Note

We booked our profits on possible range area and again we are long - same stops - same targets. Patience trading

ForexSpecs

TradingTie

Also on:

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.