USDJPY Long Trade Setup *TL break*
Nice simple trendline break and trend reversal trade.
You can see the previous bearish 4hr trend and trendline has been reversed with a higher high made and now a higher low forming on the 4hr chart. If this new low holds then I can see price climbing up to 108.800/109.00 levels.
0.50 Fibonacci retracement level held strong on this last pullback and strong USD momentum seems to be coming in right now.
You can see the previous bearish 4hr trend and trendline has been reversed with a higher high made and now a higher low forming on the 4hr chart. If this new low holds then I can see price climbing up to 108.800/109.00 levels.
0.50 Fibonacci retracement level held strong on this last pullback and strong USD momentum seems to be coming in right now.
Transaction en cours
Commentaire:
Nice bullish momentum now, Price approaching recent highs @ 107.760
Commentaire:
TP1 reached @ 108.00. Taken some profits, this trade is now risk free
Commentaire:
Lower high forming at resistance this morning. I would lock in some more profits right now and await the next momentum move.
