USDJPY long term trade setup (LONG)

FX:USDJPY   U.S. Dollar / Japanese Yen
Fow who that want to enter long positions at current price it is possible. See the purple dotted line.
If you want to trade with stoploss, set the stoplos around 109.950.

Otherwise wait that price break the red (weekly) diagonal trendline , wait for a pullback and then enter long positions.
See in chart the take profit line 1 and 2.

The big red diagonal trendline is best visible at a weekly chart. Price will get true it.

Only have PATIENCE

Have a nice day.

Greetz JP
Trade active: Trade already active. Let the positions open for thew one who has followed this idea.
Price is now at the red diagonal trendline.
Price will go higher.

Happy trading.

Greetz JP
Trade active: Price is true big diagonal trenline as espected.
You can let the current positions open. Dont stressed out if price pulls BACK to the big red diagonal trendline. If that happens it will be a RETEST of the breakout. You can enter long positions extra at that level.

Next target 114.560

Have patience.

Happy trading.

Greetz JP
Trade active: Price has been tested te brekaout zone (see red diagonal trendline) and price is already move up again. Given take profits are still active.

Happy trading.

Greetz JP
Trade active: Take profit 1 was hit last week. Nicley done.
You can let the positions run to aim for tp 2. But beware that we can see a retrace to around the 113.100 / 113.200 zone. If so, look to renter long positions again.

Greetz JP


Good Luck JP !!
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