USD/JPY Price Action Analysis | Waiting the Retest

Dollar has found a support at the Range Low against Japanese Yen. Although, it is still stuck between the Range and the OB. So, in order to get in a safe position, waiting for the breakout and longing the retest would be the wise thing to do.

Entry: 107.11
SL: 106.39
TP-1: 107.99
TP-2: 108.64
R/R: 2.13

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‪The ideas published here are not financial advices.‬

Trade attivo:

Break out has happened and longed the retest.

Commento:

This needs to close above 107.15 to show strength.

Trade chiuso: obiettivo raggiunto:

First profit is taken, waiting for the next.

Trade chiuso: obiettivo raggiunto:

Rest of the position is also closed at the current level (1.44) due to daily and weekly close below Range High. 133 pips of total profit is taken.