FxWirePro
Long

USD/JPY-Buy only above breakout

FX:USDJPY   U.S. Dollar / Japanese Yen
347 2 7
USD/JPY             faces strong trend line resistance around 121.50 ( trend line joining 121.22 and 121.48) and any break above confirms further bullishness, jump till 122.40 is possible.

On the downside minor support is around 120.98 and break below will drag the pair till 120.50/120.30/119.95 in short term.

Further weakness can be seen only below 119.60.

It is good to buy only above 121.50 with SL around 120.98 for the TP of 122.40/123.10
So I did a stage buy, going in at 120.75, 120.91 and 121.18. My plan is exactly on the above, sitting until the 122.25. once the 121.25 mark has been reached my SL will be set at 121.00. Thoughts?
Reply
Nice set up.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out