My Trade Plan: Long USD/JPY Long

U.S. Dollar / Japanese YenFOREX.com

Description

⋅ Nov 20, 2021 9:59 AM

The Plan is to wait for the price to Retest after Resistance zone is broken. The Risk to Return ratio is 1:7. The Strict Stop Loss of 10 Pips would be in Place.

Note: Do your own analysis before taking the trade.

Long/Buy: 114.010 - 114.070
Stop Loss: 113.900
Target: 114.953

Indicator used: Moving Average (MA)
Analysis based on: Moving Averages, Market Structure & Supply/Demand Zones.