USDJPY Long
from The "Forex Morning Mayhem" Podcast Hosted by Bill Skrzypczak
Bill discussed a forex trade on the US dollar yen pair, explaining that the current swing was up and that he went long after a violent move to the downside hit a major support area. He mentioned that volume was down, making the decision somewhat subjective, but that his model and minor support levels confirmed the entry. Bill described his trade setup, including a signal for support bounce, and noted that he was already a few pips up. He talked about potential profit targets, such as waiting for a higher low or taking profits between 15 and 30 pips. Bill concluded by asking for support in a value-for-value manner and ended the session.
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