long trade: USDJPY 1h-Chart
Most of my trades, which I present here, I count to the genre of swing trades. So, for these trades, I expect a trade duration of
several days.
This long trade, however, is designed very short-term so that the duration of the stay is limited to today and I will close it before the weekend.
We look at the 1h-Chart of the USDJPY. It is clear that we are in a clean uptrend since the course broke out of the trend
channel. So I looked around here for buying signals and soon became aware of the correction back to the trendline.
This is exactly where I opened the position. My stop-loss was initially about 17 pips and was already on the entry price. This means that at least
no more losses can be recorded. Also, my first take-profit was triggered.
long trade: USDJPY 15min-Chart
In the 15min-Chart, it is now easy to see what the price has done since touching the trendline. Look at how big and strong the last candles were on the chart. The course has shown a clear reaction and pushed the price upwards. I will keep you up to date about this long trade.
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