FX:USDJPY U.S. Dollar/Japanese Yen
Traders, previous entry stopped out at 1.5 pips! Here's a second attempt with another high R/R. SL is placed above lows. It has already started to run a bit, if you take a trade like this, be certain of the amount of capital you're risking and be sure to place your stop accordingly. I intend to ride this to T2 with a quick move to B/E after small rally (if SL is not hit!). If SL is hit, I will wait to short from the completion of up at T2. PS: This will be a beautiful opportunity to short from those levels! Happy trading
Trade active: Order filled and now I'm moving stop to B/E. Good luck!
Comment: Traders! Here's a potential wave count on the lower timeframe. Seems to be a leading diagonal, which is a good sign for further bullish movement. Let's see how it plays out. Nothing is for certain! Cheers