USDJPY - Local Fib Short and Long

FX:USDJPY   U.S. Dollar / Japanese Yen
Paper Trade. Just trying forex out.

Trade 1 (Trend Following):
1. Short: 108.760
2. Stop: 109.473
3. Target: 107.341
4. RR: 1.63 (Risking 0.5% of capital for 0.815% reward)

Trade 2 (Expectation of Trend Reversal following a high volume candle into a larger timeframe retrace)
1. Long: 107.341
2. Stop: 106.756
3. Target: 111.141
4. RR: 6.44 (Risking 0.5% of capital for 3.22% reward)
Jan 07
Trade active
Jan 13
Comment: Moved stop to entry.
Jan 16
Trade closed: stop reached
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