ellevationtrading

great Risk vs Reward long here on USDJPY

Long
ellevationtrading Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Yen testing trendline support which has proved solid at the last 2 tests with the market bouncing considerable higher once held. Again we now re-visit this area, providing a cheap entry to establish a long position.

Long @ 112.20

Stop @ 111.60

take profit 114.50

Again, the theme of all my trades is to look for outsized returns vs risk.

Trade closed manually
Trade closed manually

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