LineTradingPilots

USDJPY - Long Opportunity (1:2 RR)

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Hi

I will leave you this beautiful setup on USDJPY before I wrap it up for the week. Great price action on the 4H - the big picture is on the daily chart where you can identify a strong impulse move to the upside.
My plan was to wait for a correction and hope it sets up nicely - which it did in my opinion.

The trade I opened is with a 1:2 RR which is a minimum value for my strategy.

Let me know what you think in the comments below.

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