Potential Long Setup on USDJPY
Reasons for entry
- Pair has been in a long uptrend
- Price Hitting previous support
- Finding resistance near 200EMA
- Pin Bar on 1hr timeframe
Exit Strategy
- Never risk more than 2%
- Stop below recent swing low 123.80
- Target 125.00
- Reward: Risk 3:1
Let me know what you think?
Reasons for entry
- Pair has been in a long uptrend
- Price Hitting previous support
- Finding resistance near 200EMA
- Pin Bar on 1hr timeframe
Exit Strategy
- Never risk more than 2%
- Stop below recent swing low 123.80
- Target 125.00
- Reward: Risk 3:1
Let me know what you think?