USDJPY - Long Opportunity (1:2 RR)

Hi

I will leave you this beautiful setup on USDJPY before I wrap it up for the week. Great price action on the 4H - the big picture is on the daily chart where you can identify a strong impulse move to the upside.
My plan was to wait for a correction and hope it sets up nicely - which it did in my opinion.

The trade I opened is with a 1:2 RR which is a minimum value for my strategy.

Let me know what you think in the comments below.
Support and ResistanceUSDJPYusdjpylong

Also on:

Disclaimer