bicktash
Long

UJ ceiling test

FX:USDJPY   U.S. Dollar/Japanese Yen
1280 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
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bicktash bicktash
*jpy
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you caught that excellently
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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
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ok
thanks alot
Reply
is your entry 114.128 please? Nice analysis btw
Reply
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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