USD/JPY Don't Miss This Trend Reversal!

We see here that USD/JPY has traded in a downwards channel for more than 3 days straight. However, just before the close last week, suddenly this trend broke and we found an interesting signal of a trend reversal.

You can wait for the open first for confirmation, but if the gap is bullish then we might have seen a temporary bottom, and you can long USD/JPY until great heights.

I suggested a nice and clean 2.0 Risk-Reward trade here. But if we do find confirmation after the market opens, you could also choose the ride the trend all the way until the end.

For trend traders I suggest a stop-loss that you move along upwards every time the price makes a higher high, such that you lock in your profits.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!