USD/JPY LONG TERM HOLD! CUP & HANDLE FORMATION FINALLY BROKE OUT
Hello everyone,
In this tech analysis I see a long term cup and handle formation that has finally broke out.
We need to pullback to our new found support (highlighted in green) and I will size in for a long to 115.25 and beyond, looking for an easy 200 pip+ long term play.
What do you guys think?
Entry: 113.00
Stop: 111.75
TP1: 114.00
TP2: 115.25
TP3: 118.50
#USDJPY
#CupandHandle
#TechnicalAnalysis
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In this tech analysis I see a long term cup and handle formation that has finally broke out.
We need to pullback to our new found support (highlighted in green) and I will size in for a long to 115.25 and beyond, looking for an easy 200 pip+ long term play.
What do you guys think?
Entry: 113.00
Stop: 111.75
TP1: 114.00
TP2: 115.25
TP3: 118.50
#USDJPY
#CupandHandle
#TechnicalAnalysis
If you want to receive weekly trade alerts, subscribe to our services!
www.profitinpips.com
Kommentar:
TP1 hit, looking for retest of new found support before heading higher.
Kommentar:
After TP1 was hit we were unable to open a new trade in our designated buy zone, will be doing an update.