had fallen for days... We will attempt a buy because we expect bulls to take over usd. If not usdjpy 0.28% will free fall after this area. We like the risk to reward. We expect this trade to take effect in the next 4-5 hours.
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We are over 150 pips in profit. Locked and just riding the wave now. Waiting to see if 114.30 holds or uj falls again. Usa has gained some strength. If we hold above 114.30 we are liking 115/115.30 as next targets. We will move stops as the trade keeps going our way.
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Our Targets have been reached. Now we wait for breach or bounce of channel.
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mrforex89
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113.40 now. We are over 80 pips from our entry. Now we ride the wave. 114 will be tough and we will exit if shorts take over. Stop profits are in place.
TradZ
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It shall go up a bit over 113.5 maybe 113.6 before it falls again. We are in a downtrend ;)
mrforex89
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@TradZ, Very possible. Up 50 pips just riding the wave. Usd is gaining strength.