CompositeTrader

USD/JPY Price Action Analysis | Waiting the Retest

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FX:USDJPY   美元 / 日圓
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.‬
交易進行:
Break out has happened and longed the retest.
評論:
This needs to close above 107.15 to show strength.
交易結束:目標達成:
First profit is taken, waiting for the next.
交易結束:目標達成:
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.

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