USDJPY Long above the Cloud
Well let's try this again:
Entry: 105.57 (Buy Stop Limit)
SL: 105.30 (Sell Stop)
PT: 106 or higher (Sell Limit)
Of course all this hinges on the fact that we get renewed bullish momentum above the cloud support. If not the "setup" is cancelled and we wait for the next 4 hr candle to give us further insight.
Entry: 105.57 (Buy Stop Limit)
SL: 105.30 (Sell Stop)
PT: 106 or higher (Sell Limit)
Of course all this hinges on the fact that we get renewed bullish momentum above the cloud support. If not the "setup" is cancelled and we wait for the next 4 hr candle to give us further insight.
Ordre annulé:
The trade was cancelled due to no rally above the 105.57 level. This is why I only trade on momentum. You either have the momentum to "trigger" your entry or you don't. On to the next setup.