FX:USDJPY   U.S. Dollar / Japanese Yen
1290 8 29
After the 1000 pips drop from 121.64-111, there might be an opportunity to go long on an open TP from 111.76. As of writing 222 pips in green with TP open.
Hint: The blue lines from monthly chart represent important zones.
Longed 111.76 with 110.57 SL and TP open (132 actually) :P
Trade active: Monitoring the development on weekly trend. Much buying interest in UJ should be exhibited in my opinion.
risk:reward must be silly
+1 Reply
bicktash BruceWayne
yes...this strategy ive found works well with all joy pairs....buying them after falling with small sls and small positions kept open for weeks
bicktash bicktash
you caught that excellently
bicktash BruceWayne
thanks....but really tries ones patience this uj....i went up 300 pips then back now again going up....thus the weekly chart..cheers
thanks alot
is your entry 114.128 please? Nice analysis btw
bicktash Pipcatcher
111.76 with 110.57 SL and TP open...watching it develop...has a good RR but entry at these levels is not wise imo
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