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marcopips

USD/JPY BREAK AND RETEST?

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
marcopips Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY Technical Analysis
2
0
trendanalysis chartpattern indicator usdjpy technicalanalysis
Strong bullish momentum, recent candles broke the level of resistance and have retested that region. Current candle seems to be rather bullish, however would still need to observe the closure of the current candle. I am anticipating a bullish move in the US session in few hours time.

TP 1: 110.800 (+20+pips depending on your entry)
TP 2: 112.000 (this is based on wave trading)
Trade closed: stop reached:
Unfortunately this trade didn't play out like I expected, but it's ok. -35 pips.
Comment:
Kept my stops tight, however, for those who believed in their analysis, this trade turned out pretty well with close to +100 pips in profits. However, unfortunate on my end.

Would need to improve on setting better stop levels. To the next trade!
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