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laughingchartist

USDJPY [1-3 days view]

Long
U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)  
laughingchartist Updated   
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY Forex trading Technical Analysis charting thelaughingchartist
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trendanalysis chartpattern indicator usdjpy forex trading technicalanalysis charting thelaughingchartist
Long USDJPY
Entry: 110.655
SL: 110.33
TP: 111.42

  • After the crazy impulsive move down, market actually rebounded. Price is now testing ascending trendline support.
  • Market is also holding above EMA (17). MACD is now testing 0% level and has moved up into bullish territory.
  • This is a short term play with a simple risk reward of 1:2

Market pulled back and triggered my buy order.
Trade closed: stop reached:
Stop taken out. Position closed.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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