wuweitrader
Long

USDJPY - 240 Trade

FX:USDJPY   U.S. Dollar / Japanese Yen
41 9 0
Trade on chart
Stopped out with a bit of a profit (about equal to my original risk). But I was stopped with a beautiful test of the lower parallel. So I am eyeing a move back in.
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Reaction line has been taken out, but move is a bit too vertical to have any better stop-profit placement than below the minor swing low.
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stops move to a stop-profit below 101.71 multi-pivot line.
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Recent view of my trade and chart.
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While the trade is still developing on the 240, just a look at what it is showing on the Daily (and no, I do not trade off of both charts simultaneously - my trade was set up on the 240 and I am going to execute it off of the 240, even though the Daily might show slightly different targets, etc.).
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(Let's try once more ;) )
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Sorry, here's the corrected chart
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I hope to manage the trade, but if it breaks above this balance line, will it go to the upper line?
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re-adjusted median line based off of the spike.
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