Aaron_Abraham

UJ on daily going into next week seeing what happens

Aaron_Abraham Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
5
Currenly at the .500 retracement and bullish trend line.
Looks like it can go upwards from here.
waiting to break above down trend line for increased probability.
if breaks below .500 the next level is .618 retracement. well apply same rules as above.
Comment:
Watch for the low risk opportunity at the 112.211 mark on 4hr chart.
if close above 112.211 I could go long with stop loss just below 112.200. tp @ 113.800
if close below with a bearish. I could enter short position with stop loss just above 112.211. tp @ 110.700.

Good luck guys!
Comment:
Short opportunity
place stop loss just above 110.101
TP 107.880
Comment:
Approaching the .618 retracement on daily chart.
should be a long opportunity with tight stop loss just under .618 retracement
Comment:
long position entered.
SL 107.541
First TP target 110.235
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