USD/JPY Long off of Rising Trendline

March 19, 2009 21:41 by Jon

I took a long tonight in USD/JPY.  The pair has made a higher high after putting in a double bottom on the daily chart.  It's retraced back to the rising trendline and has bounced nicely off the line.  I'm long from 94.775 with an initial stoploss just below the recent low at 93.5.  Below is the daily chart...

  • Long Entry: 94.775
  • Initial Stoploss: 93.5
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Categories: Discretionary Trading
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