We have a new long order on the USD/JPY 4H chart. After the news from the BOJ this morning the market has broken the range and is now starting to from a upward trend. We will adjust our trend lines as we go along. Profit target and exist all depends on how the trade plays out, we will close half our trade at P1 target, but may need to exit sooner depending on the market movements.
Trade active:
We have entered long, we will monitor the trade channel to see where we will exit the trade. As long as the uptrend continues we stick with it to maximise profit level
Trade closed: stop reached:
Close trade at entry - The trend has changed and we have closed at entry. Will look to go short in the next while