Potential Long Setup on USDJPY
Reasons for entry
- Pair has been in a long uptrend
- Price Hitting previous support
- Finding resistance near 200EMA
- Pin Bar on 1hr timeframe
Exit Strategy
- Never risk more than 2%
- Stop below recent swing low 123.80
- Target 125.00
- Reward: Risk 3:1
Let me know what you think?
Reasons for entry
- Pair has been in a long uptrend
- Price Hitting previous support
- Finding resistance near 200EMA
- Pin Bar on 1hr timeframe
Exit Strategy
- Never risk more than 2%
- Stop below recent swing low 123.80
- Target 125.00
- Reward: Risk 3:1
Let me know what you think?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.