USDJPY Long with Failed Trade Recovery Zone

This is a trade that appeared as I sat down. It's a classic setup. We had price pull back nicely to the 80% retracement area. We have an H4 trend to the upside. We have a stop on the bottom side of the upward momentum . Relatively low risk entry to go long. I've included the recovery zone in this trade should it fail.

Commentaire:

This long trade failed this morning and triggered my shorts. It just completed. All lost funds recovered. Additional funds for profit covered as well. Have a great weekend!