HayatoDragonFX

NZDJPY, 4hr tf, buy above the kumo as long legged doji appears

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Hello my friends,

Today another setup on JPY pairs. This time it is NZDJPY .
I found a good buy setup for this pair as there are some confirmations appeared which consist of:
1. Parabolic SAR now below the price indicating buying pressure
2. Price above the kumo cloud
3. Kumo cloud is green colored
4. Long legged doji which is a price action confirmation

Buy NZDJPY 71.15
Stop loss 70.80
Take profit 1 @71.50
Take profit 2 @71.85
Take profit 3 @72.20

RR ratio is 1 : 3
Use only 1-2% risk
Good luck

Disclaimer : I bought NZDJPY at 71.15 as per this writing
Trade closed: stop reached: SL hit

Comments

Thank you for the heads-up; good call, I am in as well... let's see how much time will it take to hit TP3. ;-) ...good luck!!!
Reply
HayatoDragonFX NarinderSinghChauhan
@NarinderSinghChauhan, too bad it hit my SL. I wish you luck my friend
Reply
NarinderSinghChauhan HayatoDragonFX
@HayatoDragonFX, :-( no worries... there's always a next time. :)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out