UJ continue to be short, but looking at 108.75 for long

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

uj LONG short AB=CD

uj long short abcdpattern

although 110 could be tough nut to crack, there is an ab-cd move completion at 108.75 area, as well as a daily MA in the region (currently at 108.48) and the 50% retracement from the last long leg up from 100 level to 118.5

placing buy order with stops under the aforementioned MA

Comment:

there is also a channel bottom - so a confluence of 4 'indicators' if you will to support this trade idea.
good luck
appreciate the feebback

Trade active:

TP on my short was hit, and now long

Comment:

partially TP with 300pips in the bag on the long.

Trade closed: target reached

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