fxstudent299

USDJPY long idea - using the huge pin bar

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
...got stoped out today, probably as many others due to the size of the pin bar , which could give the next trading setup
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Second try to get USDJPY long in the next days:
USDJPY long idea:
long @ 118.85, SL@117.75 (-110), PT 121.60 (+275), R:R=2,5

- on 1d chart still strong UP-Trend, with price finding support at 20EMA
- 0.5 Fib-Retracement on the pin bar at 118.75
- strong, but today broken, support zone between 118.80 and 119.00
- if price<117.75, it is below 20EMA on 1d chart, which I dont like to hold on a Long
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