salsapete
Long

AUDJPY Renko Triangle Breakout & Ichomoku Long

FX:AUDJPY   Australian Dollar/Japanese Yen
TheIchimoku Cloud is a filter for the direction we should trade. Short positions are taken beneath the cloud and long positions above the cloud.

A long trade is proposed when the following criteria exist

1. Price breaks out from the triangle to the upside and above the cloud.

2. There is a retest of the trendline and or cloud.

3. Price should close above the tenken sen.

4. We want to see 2 long bricks before we enter.

The stop loss is beneath the cloud/trendline.

Target is nearby resistance (B).



Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out