USDJPY Trend Continuation Opportunity Long into Support

9 Jun 2015

After creating new structure highs last week, the USDJPY is now putting in an outside return back into previous structure setting up a decent looking trend continuation opportunity. I yet have a reason to get long per my rules of engagement, but I will certainly be keeping a very close eye on this setup as the risk to reward is a no brainer for me with stops beneath previous structure support and targets as far up as our previous structure highs.

If any of you guys are around at 10:15am NY time I'm doing an interview with Dale Pinkert and may be reviewing this trade if I end up getting involved fxstreet.com/webinars/live-analysis/

Akil Stokes
TradeEmpowered.com/learn-to-trade