hadesduke
Long

USDJPY AB=CD Completion Long

FX:USDJPY   U.S. Dollar/Japanese Yen
38 0 0
In the 4H chart, USD/JPY             completes a down trend AB=CD around 120.20.

Enter Long position at 120.20; Target: 123.5; SL:119.80

A key area to watch out: 121.50. This is the 61.80% of the up-trend. If there is any big pullback in this area, it would be a confirmation that this is only a retracement of long term down-trend.

If the price goes above 123.80 (previously high), then buy at any pullback, targeting at 125.20.

Overall, it is a monthly plan, needs a lot of patience.
Trade active: Buy at 120.20
Trade closed: stop reached
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