highimjoelj

Trade idea for USD/JPY

Long
highimjoelj Updated   
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Price has been on an uptrend overall forming a series of Higher Highs and Higher Lows. Bias is Bullish so looking for buy opportunities. Price is currently approaching a Demand Zone which shares the 50% Fibonacci, thus making it a high probability Golden Demand Zone. R:R of about 3-4:1. Looking for confirmation in this area to enter. Price is already looking like it will reject so far forming a pin bar.
Trade closed: target reached
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