[Christian Harris]

Here’s a recent USD/JPY trade setup to demonstrate using a popular technical analysis tools, support & resistance.

Trade Setup

• 1-day timeframe for a swing trade
• Long (buy) position entered at 147.076 support level
• TP set at 149.908 resistance level
• SL set at an equal 1:1 risk-to-reward
• Trade took 10 days to hit target price 🎯

Advanced Risk Management

• Stop-loss could be adjusted as the trade moved into profit

Disclaimer: This example is for informational and educational purposes only and should not be considered financial advice or a recommendation to buy or sell any security. Trading involves significant risk, and past performance does not guarantee future results. Conduct your own research and consult with a financial professional. The information discussed here is personal to the author and may not be suitable for all traders.

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[Ollie]

Hey, I’m interested to know, have you found this setup works best with specific FX pairs or could apply to all?

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[Author]

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