NikaJourney

Waiting for News to Determine Price Direction

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is in a multi-day range, which means that the breakout will last for several days as well. All JPY pairs have been bullish for a moment. Bouncing against trendline several times, so a breakout is due this week. But which direction? News for USD will move this chart fully beginning Tuesday's New York session. So not trading this until Tuesday morning. (I'm really hoping for a sell)

Possible Tps if a sell:
110.366
110.087
109.809
109.489

Possible Tps if a buy:
110.964
111.324
111.947
112.125
Trade active:
Price did a breakout and retest of the trendline during New York session, then continuation to leave consolidation area hitting BULL TP1 at 110.964.

Price is currently performing a retest of daily SR level 110.964 and if successful should see BULL TP2 hit during the Tokyo session.
Trade closed manually:
BEAR TPS 1-3 are HIT
I closed out manually. I took a small hit anticipating the sell when it wasn't ready. Must remember not to break my own rules - no matter how bad I wanna win that trade.
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