ChrisThein
Long

USD/JPY 60 min long trend continuation

FX:USDJPY   U.S. Dollar/Japanese Yen
a year ago
I am looking to get long at around the .618 retrace around 120.50-120.30 level. I would let price test this level before getting long. Once I get long I'm looking to take profits at the 122.00 even handle. If we get a strong close above 122.00 I would then look for a retrace to get long for a longer trend continuation play to 124's. Conversely if we get to our target of 122.00 and price rejects this level. I would look for a double top to get short and take profits around 119.70's and possible all the way down to 118.50's. Good luck trading out there.
a year ago
Comment: Price rejected the .618 really well. I was filled at 120.33.
I definitely love your trading plan!
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ChrisThein PRO oleg.golubovich
a year ago
Thanks! I appreciate it.
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