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jailall

USDJPY low risk trade

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
jailall Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators USDJPY
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trendanalysis indicator usdjpy
This is a low risk trade with a RR of 1:4 and good probability of success.

USDJPY just hit the DAILY and WEEKLY trendline which price has bounced off several times. Additionally the Dollar index has hit a monthly support area. This is very good indication that price will be reacting at this area USDJPY.
So I will be entering a buy order immediately.
Comment:
Trade closed. Target reached in less than 24 hrs for a RR of 1:4.
Very satisfied with this result.
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