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thekwest

USDJPY Long opportunity

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
thekwest  
FX:USDJPY   U.S. Dollar / Japanese Yen
USD jpy USD (US Dollar) LONG
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usd jpy usd-us-dollar long
Potential Long Setup on USDJPY

Reasons for entry
- Pair has been in a long uptrend
- Price Hitting previous support
- Finding resistance near 200EMA
- Pin Bar on 1hr timeframe

Exit Strategy
- Never risk more than 2%
- Stop below recent swing low 123.80
- Target 125.00
- Reward: Risk 3:1

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