Long Trade: Forex Signals USDJPY

Long Trade: USDJPY Daily-Chart

Here I show a Long Trade on the USDJPY, which I have executed within my Forex Signals. We first look at the Daily-Chart to get an overview. The price has risen sharply since mid-2016 before a longer correction began at the end of 2016. I've drawn up a trendline that provides support. I would like to point out that it is a matter of areas rather than exact lines. This must always be considered. We look at the 30min-Chart to see my entry and trading levels.

Long Trade: USDJPY 30min-Chart

Here in the 30min-Chart we can see how I put my stop-loss and take-profits. I've already closed two parts of the trade here. So it is only the 3. take-profit open. The stop-loss is now placed higher in the chart. I have liked this pair in cause of a nice upmove near our trendline-support. The Course showed a nice double bottom. I opened this Long Trade within a return, when the course gave me a confirmation. No one knows exactly where this pair is going. What is important is that we keep an eye on our risk at all times.