ChrisThein
Long

USD/JPY 60 min long trend continuation

FX:USDJPY   U.S. Dollar/Japanese Yen
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.
Comment: Price rejected the .618 really well. I was filled at 120.33.
I definitely love your trading plan!
Reply
ChrisThein oleg.golubovich
Thanks! I appreciate it.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out