mhussac
Long

USDJPY: Trading to the spike base

FX:USDJPY   U.S. Dollar/Japanese Yen
51 0 4
snapshot

See the above picture for Macro Analysis

Trade Setup:
-Trading to the spike base
-Double bottom pattern

Trade management:
-Will only be entering 1 trade with 1 TP
-Buy Limit placed @ 100.00
-Stop Loss @ 99.56
-Target Profit @ 101.065

A small note: I may be entering this trade a little early (reason for entering early is due to a more favourable R:R)
Once the blue trend line breaks that is a very good sign

Let's see how it goes.....
Comment: Has not hit the buy limit as of yet

Considering a market entry
Order cancelled: New Buy Limit set
around the 100.18 - 100.20 mark

USDJPY: Spike Base Long New Buy Limit
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