Therealaleech

USD/JPY - Hopping in like Double Dutch

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Setting up for a move either higher (preferable) or lower.

Daily EMA's are sideways and still bullish, 4 HR and 1 HR are sideways with a bearish slant.
BB on all three time frames are squeezing.
Stochastics on daily are headed lower, on 4 HR are headed lower and on 1 HR are headed higher.
ADX is headed lower on daily, higher on 4HR and higher on 1 HR; none over 40 yet.

Trigger is 120.258, stop is 119.047 and target is 123.436. {The trend is your friend}
Trigger is 117.304, stop is 119.047 and target is 114.5 ish (to trend line). - This one is a no go for me. Have to trade my plan.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.