Ichimoku_Hokage_Ninja

USD/JPY Potential 100 pips gain

Long
FX:USDJPY   U.S. Dollar / Japanese Yen

1) Price above kumo.
2) Future bullish kumo.
3) Stochastic shows oversold conditions.
4) Chikou span is currently at previous kumo support (1st star)?
5) Price is currently at previous kumo support (2nd star)?
6) Bullish TK cross.
7) Good risk to reward ratio.
8) Chikou span is in a "neutral" territority and has alot of room to explore its options before hitting the S/R lines.

Action: Wait for the chart to reveal more information.
Entry price = 112.600 (round number)
Stop loss = 111.400
TP 1 = 114.300 (round number)
TP 2 = 115.00 (round number)
Risk to reward ratio: 1.42
Order cancelled
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