The USD/JPY formed a Hammer pattern on the daily chart. This is a bullish reversal pattern that indicates a rising price in USD/JPY.
The medium and long-term trend is still down. Therefore the long position size should be kept small.
The medium and long-term trend is still down. Therefore the long position size should be kept small.
I entered long today
- Price: 0.8995
- Stop-Loss: 0.8885
- Take-Profit: 92.00
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