USDJPY 107.20 + 0.17% LONG IDEA
Updated
GOOD DAY TRADERS
HERE'S A DAY TRADE FOR THE USDJPY PAIR PREVIOUS CANDLE WE BROKE THE PAIR BROKE OUT OF AN DESCENDING CHANNEL CAME DOWN WITH THE BEARS TO RETEST THE STRUCTURE AND NOW WE SEE THE BULL COMING INTO PLAY ON THE PAIR.
TARGET 1 - 61.8% FIB LEVEL ( 107.93)
TARGET 2 - RESISTANCE LEVEL 108.93
RISK MANAGEMENT
PERIOD - DAY TRADE
HERE'S A DAY TRADE FOR THE USDJPY PAIR PREVIOUS CANDLE WE BROKE THE PAIR BROKE OUT OF AN DESCENDING CHANNEL CAME DOWN WITH THE BEARS TO RETEST THE STRUCTURE AND NOW WE SEE THE BULL COMING INTO PLAY ON THE PAIR.
TARGET 1 - 61.8% FIB LEVEL ( 107.93)
TARGET 2 - RESISTANCE LEVEL 108.93
RISK MANAGEMENT
PERIOD - DAY TRADE
Trade active
TARGET 1 HIT ADJUST SL TO BREAK EVEN AND HOLD RISK FREE
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