USDJPY has been bouncing between 108 and 114 for almost a year and we're back down at 108. There was a quick sell off so I'm buying the breakout with a stop loss @108. My target is whatever the price is when the daily RSI = 70. There is also bullish divergence and a ton of reversal candlesticks, dojis, hammers etc on the 4H.
Comment:
109.66. Stop loss 108.
Trade active:
109.66. SL 108.
Trade closed manually:
Closed at 108.92 due to price dropping below trend line again. I will re-open if it moves above it again.
Trade active:
Closed twice above the trend line so i'm back in at 109.3 and SL = Close below trend line.
Trade closed manually:
Oops forgot to update, another close under the trend line so I'm out at 107.81!