USD/JPY Day Trade Ideas
An aggressive entry could be attempted by entering the
market just above leg D.
Target: 112.413 (trend line cross over level)
S/L: 111.94 (or x pips below the PP level)
Long 2:
Entry: 112.50
Target 1: 112.868 (leg C)
Target 2: 113.089 (leg D)
S/L: 112.328
If price closes above 112.868, thus targeting 113.089,
adjust S/L to 112.750
Beware of the economic news being released later on
today, which will definitely cast volatility on this pair.
Happy trading
An aggressive entry could be attempted by entering the
market just above leg D.
Target: 112.413 (trend line cross over level)
S/L: 111.94 (or x pips below the PP level)
Long 2:
Entry: 112.50
Target 1: 112.868 (leg C)
Target 2: 113.089 (leg D)
S/L: 112.328
If price closes above 112.868, thus targeting 113.089,
adjust S/L to 112.750
Beware of the economic news being released later on
today, which will definitely cast volatility on this pair.
Happy trading