I'm Liking the look of this trade set up on USDJPY. - price has created a inverse head and shoulder pattern.
As the daily has closed as gravestone doji , we could potentially see price fall to my area of support 106.9 which would be my ideal entry.
However, upon market open if price manages to have a clean break above my 108.07 level of resistance, I'd be awaiting for a retest
But for the better risk2reward, i would like to see price action to my area of support before looking for potential buys
my profit target would be at 109.4 -
As the daily has closed as gravestone doji , we could potentially see price fall to my area of support 106.9 which would be my ideal entry.
However, upon market open if price manages to have a clean break above my 108.07 level of resistance, I'd be awaiting for a retest
But for the better risk2reward, i would like to see price action to my area of support before looking for potential buys
my profit target would be at 109.4 -
Trade active
Trade closed: target reached
