Trading USD/JPY: Long Entry Near 149.5
USD/JPYLongPosition5h ago4 views
Trade Setup
Entry Price
149.5000
Stop Loss
149.0000
Take Profit
150.2000
Risk : Reward
1 : 1.40
RiskReward
Technical Analysis
USD/JPY has formed a strong bullish engulfing on the daily chart. Entry near 149.5 with stop below 149.
Fundamental Context
The macro environment favors long positions on USD/JPY. Keep an eye on upcoming data releases.
Trade Setup
Risk:reward is 1.5:1. Stop loss at 149, take profit at 150.2.
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