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wjsharples1
Jul 5, 2017 8:38 AM

USDJPY Long TP - 117.62 Long

U.S. Dollar/Japanese YenFXCM

Description

Price has broken the trendline and looks to be making a move long. Price has double bottomed and made a higher low on the last swing low and downward pressure looks to have slowed. Have positioned a very tight stop loss as i am expecting a sharp upward initial move. Risk:Reward 1:3 with take profit positioned at the next major resistance.

Trade closed manually

Comments
AEFX786
Thank you for sharing your analysis. Good luck with this position.
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