This is a low risk trade with a RR of 1:4 and good probability of success.
USDJPY just hit the DAILY and WEEKLY trendline which price has bounced off several times. Additionally the Dollar index has hit a monthly support area. This is very good indication that price will be reacting at this area USDJPY.
So I will be entering a buy order immediately.
USDJPY just hit the DAILY and WEEKLY trendline which price has bounced off several times. Additionally the Dollar index has hit a monthly support area. This is very good indication that price will be reacting at this area USDJPY.
So I will be entering a buy order immediately.
Very satisfied with this result.