buy usdjpy considering bounce on support line

Long

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

usdjpy looks to be approaching a support line. stochastics show strong downward momentum, but are presenting divergence with a lower low and higher low on price. price

Comment:

well my entry was missed, but its rebounding on the line as thought. wonder how far up it'll go. honestly, i'd take my profits and run at this point, but probably what'd be better is to just move my SL to break even and let it run. or even better, convert it to a trailing stop loss, with the initial stop being 15 pips behind.

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.