tommyb35
Long

Gotta love the simple setups!

FX:USDJPY   U.S. Dollar/Japanese Yen
On the USDJPY             I just entered long on a trend continuation setup. This was the very first trading strategy that I learned, and its still my go to setup. Excellent win rate, extremely simple and yet very effective. Previous resistance should now become support, get at least a 1:1 R/R for Target 1 and shoot for a 127.2 Fibonacci Extension on Target 2. As Albert Einstein said "Simplicity is the Ultimate Sophistication!"
Good luck and Good trading
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