USDJPY - Going long on the daily

Jan 3, 2019

Please don't trade using this chart I am new. I used a lower timeframe to figure out a good place for stop loss. I used the daily chart to figure out where the price was bouncing between long term. I'm not confident it will make it through the 200ema on the daily chart so that's where I set the take profit.

Jan 3, 2019

Trade active

I'm in going long. I need to have patience and understand this analysis is on a daily chart so it needs time to play out. I was sitting there staring at lower time frame charts and freaked myself out and got out because it went down ever so slightly. I'm staying in this trade now. I'm realizing that patience is required. It's a big lesson. Even if I lose, I will win if I allow the trade to play out.