The premise for this analysis is hinged on the monthly Ichi. The Monthly tenkan is acting as a good support and last Month tried but failed to break through. This month we tried again and were repelled. As such i would buy this and put my 1st tp at about 350.
Entry: Yesterdays close at 323
SL: Put it at at 15unit below the daily SSB level so around 290
TP: 350
Entry: Yesterdays close at 323
SL: Put it at at 15unit below the daily SSB level so around 290
TP: 350
Comment:
We are still in this trade. We gapped down today but we still have not been invalidated so lets wait.
Comment:
Still in it, our weekly is still above the Kijun and daily has thin cloud ahead..so we keep waiting
Trade closed: stop reached:
loooooooooooooooong trade stopped out