Pending Long on USDJPY:
Entry - 135.125
SL - 134.375 (75 pips)
Final TP - 140.25 (512.5 pips)
Reason for the trade:
1. Key level of 135.16 (monthly)
2. Recent bullish trend, now forming a solid pullback
3. 200EMA daily lining up as support
Looking at a nice 6.8R for final target area, but would look to close 25% at 50 pips, another 25% at 100 pips (moving SL to BE) and the will see how things look if a counter trend trade is on, or if to hold to target.
Entry - 135.125
SL - 134.375 (75 pips)
Final TP - 140.25 (512.5 pips)
Reason for the trade:
1. Key level of 135.16 (monthly)
2. Recent bullish trend, now forming a solid pullback
3. 200EMA daily lining up as support
Looking at a nice 6.8R for final target area, but would look to close 25% at 50 pips, another 25% at 100 pips (moving SL to BE) and the will see how things look if a counter trend trade is on, or if to hold to target.
Trade closed: stop reached
SL hit for -0.5%Note
Trade was entered too early/not a wide enough SL, would now be running 150 pips in profit
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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.
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.