USDJPY: I got this trade idea by one of my trading friends however I did not feel comfortable entering at the time and parameters that he specified. I waited for 1hour resistance to be broken and retested at 109.350 area. I then entered the market as soon as I saw a signal. On the Fib it is clearly a 78.6 % retrace which is also more confluence. Currently in this trade for the week.
Trade active:
USDJPY update: Currently plus minus 50 pips in profit. Moving stop loss to break even, running a risk free trade. Shout out to #BradB for giving me this signal. Thanks Buddy.
Trade closed manually:
USDJPY update: Closed this trade manually at around 110.00 on Friday 20 Aug 2021 as its momentum was slowing down and on the 1 hour timeframe, there were some sketchy candles that just made me decide to close.