Get started
U.S. Dollar / Japanese Yen
Long

USDJPY Bounce on H4 Chart

By exequorcapital
Updated
USDJPY could continue to trade inside the consolidation range between 112.200 and 113.320. We could play a short term bounce and go LONG from 112.200 with 3 Fibo Targets for Take Profits. Closing out 60% of position on a hit of Target #1, letting 40% ride. Then on a hit of Target #2, close out 50% of the remaining position and let other 50% ride to Final Target. Keep a tight Stop at 111.900.

Pending Buy Order at 112.200
Stop at 111.900

TARGETS
Target #1 - .786 Fibo @ 112.450

Target #2 - .618 Fibo @ 112.630

Final Target - .5 Fibo @ 112.765

Published on 10/11/2017
Trade active
Trade was activated a couple sessions ago.
Trade closed: stop reached
Chart Patterns
exequorcapital
Also on:

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.