USDJPY Long Potential
Updated
This trade is not valid to enter yet.
Entry:
Our latest chart setup on USDJPY is long-biased, based on fib extensions which create a strong buy zone with potentials for long entries and a bullish USD currency, we will have an accurate setup going long from level 149.267 if the price doesn't aggressively break below, but maintains it's slow pace towards the upside.
2 profit setup, if we manage to get our long entries we will have our first take profit at 150.363, where we will take half of the profit and adjust the remainder of the trade to break even. The final 50% of trade will run until 151.712 where we will fully liquidate the trade at 243 pips total.
Invalidation:
If we see the price enter our 'No Entry Zone' aggressively we will cancel this setup.
Entry:
Our latest chart setup on USDJPY is long-biased, based on fib extensions which create a strong buy zone with potentials for long entries and a bullish USD currency, we will have an accurate setup going long from level 149.267 if the price doesn't aggressively break below, but maintains it's slow pace towards the upside.
2 profit setup, if we manage to get our long entries we will have our first take profit at 150.363, where we will take half of the profit and adjust the remainder of the trade to break even. The final 50% of trade will run until 151.712 where we will fully liquidate the trade at 243 pips total.
Invalidation:
If we see the price enter our 'No Entry Zone' aggressively we will cancel this setup.
Trade closed: target reached
Perfection!
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.