TheForexClubFX

USD/JPY - 6H Entry Confirmation - Minor Trend-Line Break (Aggres

Long
FX:USDJPY   Dollar Américain / Yen japonais
USD/JPY - 6H Entry Confirmation - Minor Trend-Line Break (Aggressive Entry)
@: 113.676
S/L: 113.376 (-30 PIPS)
T/P: 114.387 (+70 PIPS)
Risk:Reward: 2.33:1 (Great)
ENTRY: As we see that price has closed -ABOVE- our Minor Trend-Line we are looking to be continuing our up-trend with a possibility of it reaching a Minor Resistance area.

S/L: We placed our S/L roughly around +15 PIPS -BELOW- a Weekly Support area that we had. With a great Risk:Reward ratio.

UNEXPECTED: We don't have any news that may cause a MAJOR movement; but if price starts acting up and hits our S/L we would have to wait for a Trend Change for us to go to the down-side.

EXTRA: If price continues in our favor at the close of the 8H and 1D candles we can have another entry. To profit from this trading opportunity.

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