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savvyacademy
Jan 7, 2024 1:11 PM

Bullish USDJPY Long

USD/JPYOANDA

Description

From weekly bullish engulfing pattern, and daily break of bearish trend channel and 4-hourly break of structure, USDJPY seems to be bullish.

Entry Price: 142.85 to buy low
Stop-loss: 141.50 to allow scale-in / averaging for stop-hunts / sell-side liquidity
Target Profit: 146.00
Reward-to-Risk: 2.33

Order cancelled

Price did not come down low enough, so missed the trade.
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