My Approach to USDJPY Long.
Hello Traders!
1. I see a potential head and shoulder on the USDJPY chart.
2. It's still a pattern in the making and hence makes it a bit of a risky trade but definitely worth a shot as the market stands on a major support on the daily TF and has been consolidating in the region for quite some time now.
3. Also, as per my trade, we are entering at the very low of the zone, thus reducing our risk significantly.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
1. I see a potential head and shoulder on the USDJPY chart.
2. It's still a pattern in the making and hence makes it a bit of a risky trade but definitely worth a shot as the market stands on a major support on the daily TF and has been consolidating in the region for quite some time now.
3. Also, as per my trade, we are entering at the very low of the zone, thus reducing our risk significantly.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
Trade closed: stop reached