I’m calling a “low stress” buy trade on the USDJPY; We will be buying the breakout level at 88.3. Place your stop at 87.9, move stop to breakeven once it hits 89.5 or take your profits if you like.
Buy: 88.3
Stop: 87.9
Targets: 90/92.4/94
Trade opened at 88.44

Buy: 0.9980/90
Stop: 0.9932
Targets: 1.0095 / 1.0125 / 1.00225
Move stop to breakeven on 60 pips profit.

If it closes above that blue line, that’s another buy signal for me.

Disclaimer:
Foreign exchange trading and investment in derivatives can be very speculative and may result in losses as well as profits. Foreign exchange and derivatives trading entails a considerable risk [...]

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Citic Pacific (267)
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