Buying into huge resistance (120.20-120.40) after the big run in USD vs EUR (so retracement there expected IMHO)?
Risk Reward is great, but we are in a trading range on 1d and 4h charts and here we would buy the upper end of thatrange.
I think I would rather short with SL at 120.45 and target low 119, but just my idea.
Good Luck with your trade, as I said R:R is great
iTradeForexZH
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yeah , I made this setup only because R:R is excellent , And i think USDJPY can pick UP flight to 122.00 - 124.00 any time ,
iTradeForexZH
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So far so Good , Trade near in 1st target , i think i should consider now on Buy Opportunities in USDJPY ,
Risk Reward is great, but we are in a trading range on 1d and 4h charts and here we would buy the upper end of thatrange.
I think I would rather short with SL at 120.45 and target low 119, but just my idea.
Good Luck with your trade, as I said R:R is great