USDJPY-Weekly Market Analysis-Sep20,Wk5

27 Sep 2020

A trade that it's target 2 gives a 7R, which means every $1 I risked for this trade, my projected returns are $7. If you were in my position, how much will you be trading? You can check out at the link on my TradingView, that trade I've already got my stop loss 5pips above my entry price, in short, there will be no downside to that trade but when it hit the final target of that trade it gives 7x profit of my initial risk.

At this moment, the market did break and close above the previous resistance, retest it and treat it as a support. If there's a buying opportunity I may engage addition position to long this pair as a trend trading trade on the 1-hourly chart but a trend reversal trade based on the daily chart.