Zhen_Trading

USDJPY rebound and goes Up

Long
Zhen_Trading Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
the pairing just rebound from 61.8% FR from recent uptrend. entry Long at this Higher Low level.

SL - 109.55 (Low of the recent structure, to keep up the momentum , this low shouldn't have broken)
PT - 111.60 (previous peak retest)

Despite seeing it as Range - it's still at the low side, buy at low definitely have more RR
Trade active:
it's time to move SL to our entry because that's the recent Lower Low in 4hr structure, once it broken PA will continue down
Trade closed: stop reached:
exit breakeven, PA not manage to go higher high
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.