USDJPY Long - 9 May 2017
Background:
- Seems like price breakout and retested the descending channel with the bullish reversal candle
- Bull momentum seems great now with price trading above 70 at MACD and RSI
Entry:
- Buy stop with 20 pips above the 8 May 2017 bullish reversal candle
SL:
- Set with 20 pips below the 8 May 2017 bullish reversal candle low
PT:
- Potential resistance with daily horizontal resistance level at 115 region
- However PT set based on weekly chart, near the weekly swing high @ 116.2
Notes:
- Pay attention to any possible reversal sign
- Seems like price breakout and retested the descending channel with the bullish reversal candle
- Bull momentum seems great now with price trading above 70 at MACD and RSI
Entry:
- Buy stop with 20 pips above the 8 May 2017 bullish reversal candle
SL:
- Set with 20 pips below the 8 May 2017 bullish reversal candle low
PT:
- Potential resistance with daily horizontal resistance level at 115 region
- However PT set based on weekly chart, near the weekly swing high @ 116.2
Notes:
- Pay attention to any possible reversal sign
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.