FX_Trader
Long

USDJPY Resting At A Confluence Of Support

FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY             has bounced of the 200 Day Simple Moving Average and is currently resting on an area of support populated by several previous lows. Buying at current levels with a stop below the lows offers a good risk/reward opportunity for long positions.
I would like to follow your idea, but I will wait for another better entry to go long. This pair is still in down trend. if I would go long this will be when it hit your SL.
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FX_Trader Shadowbrokerltd
That level would offer good risk/reward for a long position ... Good luck @Shadowbrokerltd
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