USD/JPY Long Position, TA using Price Action.
4Hr Timeframe
Buy Op
Price has been in a strong uptrend and has reached an area of resistance. Looking for it to pullback to the 107.500 area then possibly continuing back upwards.
If this key level holds as support, look at the 1Hr/15min timeframes for your entry point. This trade will take some time to play out if it does. Patience is key!
Gather 3 or more confluences.
Adapt to the market!
Entry 107.500 to 107.800 AREA
SL 107.150 (51 Pips) Use proper risk management! Also adjust your SL to fit the Price Action happening.
TP Area 110.000 (1:4 Risk/Reward)
Buy Op
Price has been in a strong uptrend and has reached an area of resistance. Looking for it to pullback to the 107.500 area then possibly continuing back upwards.
If this key level holds as support, look at the 1Hr/15min timeframes for your entry point. This trade will take some time to play out if it does. Patience is key!
Gather 3 or more confluences.
Adapt to the market!
Entry 107.500 to 107.800 AREA
SL 107.150 (51 Pips) Use proper risk management! Also adjust your SL to fit the Price Action happening.
TP Area 110.000 (1:4 Risk/Reward)
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