Reversal Higher on USDJPY
A wide range has been forming on the USDJPY.
I am planning to go long at the break higher of today's high. Take profit will be at the other end of the range for a possible 3R return while the stop is a bit wider below the lows of the 25th of March.
Here is my entry in the Samurai Trading Log:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-08 USDJPY Long Counter Trend Down Horizontal Support Indicision break
I am planning to go long at the break higher of today's high. Take profit will be at the other end of the range for a possible 3R return while the stop is a bit wider below the lows of the 25th of March.
Here is my entry in the Samurai Trading Log:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-08 USDJPY Long Counter Trend Down Horizontal Support Indicision break
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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.