USDJPY | Long trade entry with extended targets.

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has been trading within a huge ABCDE corrective triangle on the weekly chart.

We have scoped down to the 4H chart to find a solid entry to a long position with extended profit targets.

Entries would be placed around current market price with a stop loss below the low around 109.000 - 109.110 & aim for targets of 110.000 & 118.000.

Updates will be posted as the trade plays out.
Trade closed: stop reached: Price climbed +38 pips into profit before reversal occurred due to the NFP.

Stop Loss Hit -25 Pips