long USDJPY at the pullback to 112

Sep 20, 2018

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.

Sep 20, 2018

Note

First target hit. closed half and move the stop loss to entry (breakeven).

Sep 21, 2018

Trade closed: target reached

Now USDJPY is near the second target. We can close rest of position at this time.

Profit = +80 pips