USDJPY low risk trade
Updated
This is a low risk trade with a RR of 1:4 and good probability of success.
USDJPY just hit the DAILY and WEEKLY trendline which price has bounced off several times. Additionally the Dollar index has hit a monthly support area. This is very good indication that price will be reacting at this area USDJPY.
So I will be entering a buy order immediately.
USDJPY just hit the DAILY and WEEKLY trendline which price has bounced off several times. Additionally the Dollar index has hit a monthly support area. This is very good indication that price will be reacting at this area USDJPY.
So I will be entering a buy order immediately.
Note
Trade closed. Target reached in less than 24 hrs for a RR of 1:4.Very satisfied with this result.
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