USD/JPY - Buying the Dip - 6H

OANDA:USDJPY   U.S. Dollar / Japanese Yen
USD/JPY - In a bullish trend . We look for LONGS. Expecting price to bounce in our green fib zone, three orders at (1) 112.808, (2) 112.616 and (3) 112.424. This trade can be run with a larger stop but R/R is not as good. If stop hits there will be another entry.

Timeframe - 6H
Supports - (1) 112.808, (2) 112.616 and (3) 112.424
Stop - 112.184
Resistance/Limit - 113.598

As per my trading style I scale in and scale out of positions in green and red box respectively.

Happy trading!
Nov 19
Trade active: All orders have hit. Let's see if we get a reaction here.
Nov 26
Trade closed: target reached: Target reached, beuatiful
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out