talenttrader
Long

Short Term Bullish idea for USDJPY

OANDA:USDJPY   U.S. Dollar / Japanese Yen
OANDA:USDJPY            

Short Term Trade Idea for USDJPY
Play a long towards 109.37 (1st target), even 109.82 (2nd target).
Stop loss at 108.400
RSI indicator also holding above 40% support level .

Alternatively, if price breaks below 108.400, there presents an opportunity to short towards 107.75 (alternative target).
107.75 also happens to correspond to a key Fibo level.
Trade closed: stop reached
Trade closed: target reached: So i reversed my trade the moment price crossed below 108.400.... Made a slight profit despite having my original trade make a loss.
HOW ABOUT A FACT RATHER THAN AN IDEA ?
Reply
talenttrader karolstepnikowski
@karolstepnikowski, Not sure what you mean about fact rather than an Idea?
If you are referring to fundamental fact, then you will get none here my friend. Fundamentals do not play out well over the short term. Fact here is I used TA and multiple time frame analysis to get to my conclusion.
Would appreciate if you could further elaborate your questions in the future.

Cheers.
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