USDJPY Long TP - 117.62

FX:USDJPY   U.S. Dollar / Japanese Yen
187 1
Price has broken the trendline and looks to be making a move long. Price has double bottomed and made a higher low on the last swing low and downward pressure looks to have slowed. Have positioned a very tight stop loss as i am expecting a sharp upward initial move. Risk:Reward 1:3 with take profit positioned at the next major resistance.
Jul 12
Trade closed manually


Thank you for sharing your analysis. Good luck with this position.
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