Dollar has found a support at the Range Low against Japanese Yen. Although, it is still stuck between the Range and the OB. So, in order to get in a safe position, waiting for the breakout and longing the retest would be the wise thing to do.
Entry: 107.11
SL: 106.39
TP-1: 107.99
TP-2: 108.64
R/R: 2.13
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
Entry: 107.11
SL: 106.39
TP-1: 107.99
TP-2: 108.64
R/R: 2.13
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
Trade active
Break out has happened and longed the retest.Note
This needs to close above 107.15 to show strength.Trade closed: target reached
First profit is taken, waiting for the next.Trade closed: target reached
Rest of the position is also closed at the current level (1.44) due to daily and weekly close below Range High. 133 pips of total profit is taken.
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.
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.