...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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Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
____________________________________________
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
________________________________________________________________________
Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
