UJ - Long Opportunity, 1:10 Available
Good afternoon ladies & gents,
A long opportunity has been identified on USDJPY. Despite UJ being in a bullish orderflow on both the Weekly & Monthly chart, the Daily Bullish structure, this means we should be conservative with this position.
A bullish reversal appears to be taking place, the buy structure created is clear.
I'm looking for price to swing down to this area below, where I'll have a BUY LIMIT in place with the objectives outlined above on the chart.
Objective 1: 1 : 3.5 RR
Objective 2: 1:8 RR
Objective 3: 1:10 RR
Scale out of your position along the way, remember to pay yourself.
Don't overleverage your positions, if you like and agree with this idea, enter it with a defined risk and do not move your stop loss.
Consistency in both execution and risk management will serve you in your route towards profitability.
A long opportunity has been identified on USDJPY. Despite UJ being in a bullish orderflow on both the Weekly & Monthly chart, the Daily Bullish structure, this means we should be conservative with this position.
A bullish reversal appears to be taking place, the buy structure created is clear.
I'm looking for price to swing down to this area below, where I'll have a BUY LIMIT in place with the objectives outlined above on the chart.
Objective 1: 1 : 3.5 RR
Objective 2: 1:8 RR
Objective 3: 1:10 RR
Scale out of your position along the way, remember to pay yourself.
Don't overleverage your positions, if you like and agree with this idea, enter it with a defined risk and do not move your stop loss.
Consistency in both execution and risk management will serve you in your route towards profitability.
Catatan
Re-entry available with a stop @ 107.960.Targets above remain intact.
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.