USDJPY Long Trade Idea
On the Daily timeframe, UJ has graced us with a beautiful break to the upside out of a long lived falling wedge. On this scaled-in
view of the breakout leg, I am looking for follow up momentum provided by the breakout leg. It ( the breakout leg ) is naturally
an impulse type of wave and must therefore be followed by a correction wave which in some cases simultaneously provides a retest.
With the possibilities of waves A and B having been completed in the forms of 5-3 structured waves I will be looking to trade the possible
C wave which should follow with a 5 wave impulse move. We currently have 2 of those waves complete, I will be trading the third wave.
If you have views on UJ, do feel free to throw in some interaction in the comments below. Have a blessed trading week. I will be providing
updates of the above chart's progress.
Target:
-104.450
view of the breakout leg, I am looking for follow up momentum provided by the breakout leg. It ( the breakout leg ) is naturally
an impulse type of wave and must therefore be followed by a correction wave which in some cases simultaneously provides a retest.
With the possibilities of waves A and B having been completed in the forms of 5-3 structured waves I will be looking to trade the possible
C wave which should follow with a 5 wave impulse move. We currently have 2 of those waves complete, I will be trading the third wave.
If you have views on UJ, do feel free to throw in some interaction in the comments below. Have a blessed trading week. I will be providing
updates of the above chart's progress.
Target:
-104.450
Transaction en cours
Stop loss Moved to break even. Lovely Progress
Trade fermée: cible de profit atteinte
Target Hit
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.