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gcplau

Long USDJPY, Flat C of Corrective B, Wave

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
gcplau Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY fibo price-action wavetheory
9
5
usdjpy fibo price-action wavetheory
TP2: 114.40 (3R/R)
TP1: 113.60 (2R/R, close 50%, S/L move to B/E)
Entry: 112.20 (70pips = 1R/R)
SL: 111.50
Comment:
TP1: taken manually = 1.1R/R; remaining 50% move SL to B/E
Comment:
TP2: taken manually = 2.6 R/R.
Final result: 1.85 R/R
Improvement: a). better entry point, b). more precise level calculation w/ safe distnace; don't meddle w/ manual...trade the plan as Jack said!
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