Daily and H4 Charts: Very strong bullish momentum and for this week alone, the JPY is extremely weak.
Buy conditions:
1) Bullish hammer sits on the Kijun, with H1 showing all the Ichimoku bullish signs.
2) Price > 200 EMA
3) This is a strategy for re-entry.
4) SL is set at Senkou span B.
5) Since the bullish momentum is very strong, I won't set a fixed profit target. Instead, I will be doing a trailing SL using Senkou span B.
I am expecting this trade to last for a week.
Buy conditions:
1) Bullish hammer sits on the Kijun, with H1 showing all the Ichimoku bullish signs.
2) Price > 200 EMA
3) This is a strategy for re-entry.
4) SL is set at Senkou span B.
5) Since the bullish momentum is very strong, I won't set a fixed profit target. Instead, I will be doing a trailing SL using Senkou span B.
I am expecting this trade to last for a week.
Comment:
Wrong title: Entry was done on M30.
Trade active:
Risk free trade.