USDJPY 1H
We have seen a big drop on UJ, forming a bullish butterfly. We just had a hourly engulfing candle to the upside. Looking for movement to go up, RSI is also oversold.
Stoploss is 50-60 pips. Targets are labeled on chart.
*Risk management is KEY!
Stoploss is 50-60 pips. Targets are labeled on chart.
*Risk management is KEY!
Trade closed: target reached
Target 1 HIT! +30 pips. Yo can put stop loss on break even, or swing it.Trade closed: target reached
Target 2 HIT! +65 Pips. Stop at break even and let it ride.Trade closed: target reached
Target 3 HIT! +115 Pips. All positions closed, little to no drawdown. On to the next!
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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.