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ihamzafx
Feb 25, 2021 5:45 AM

USDJPY scaling another entry RR 1:7 

U.S. Dollar/Japanese YenFXCM

Description

USDJPY overall trend was bearish for quite a while now, but recently it started trending up by forming Higher Highs and Higher lows and also we saw some trendline rejection on higher lows, so i entered on trendline touch along with that on that exact point there was a fibonacci retracement 61%
as always initial risk was 1% with target of 9% but couldn't post that entry, this will be my second entry on this with RR 1:7

Trade closed: target reached

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