Buy = 112
SL = 111.9 (only 10 pips)
TP1 = 112.42
TP2 = 112.8
Signal for buy
1. 50-61.8% retracement of last bullish move
2. near the bullish trend line in 4H chart
3. round price at 112
4. Support level according to chart
if this trade doesn't work, wait for buy USDJPY around 111.7 which is the second area support level.
SL = 111.9 (only 10 pips)
TP1 = 112.42
TP2 = 112.8
Signal for buy
1. 50-61.8% retracement of last bullish move
2. near the bullish trend line in 4H chart
3. round price at 112
4. Support level according to chart
if this trade doesn't work, wait for buy USDJPY around 111.7 which is the second area support level.
Comment:
First target hit. closed half and move the stop loss to entry (breakeven).
Trade closed: target reached:
Now USDJPY is near the second target. We can close rest of position at this time.
Profit = +80 pips
Profit = +80 pips