USDJPY Long Trade Setup *TL break*

Nice simple trendline break and trend reversal trade.

You can see the previous bearish 4hr trend and trendline has been reversed with a higher high made and now a higher low forming on the 4hr chart. If this new low holds then I can see price climbing up to 108.800/109.00 levels.

0.50 Fibonacci retracement level held strong on this last pullback and strong USD momentum seems to be coming in right now.

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تعليق:

Nice bullish momentum now, Price approaching recent highs @ 107.760

تعليق:

TP1 reached @ 108.00. Taken some profits, this trade is now risk free

تعليق:

Lower high forming at resistance this morning. I would lock in some more profits right now and await the next momentum move.