Long USDJPY - If we can go above 20EMA
- during the period 30.12.2014-02.01.2015 a very similar setup was in place
- most important part of it for the price is to stay for at least 3 hours above 20EMA, then to run up to the last resistance (at about 119.0-119.2) and thereafter move back to the level of the low before very last lowest low
- if that level is reached, I would assume it is the first higher low after lowest low and see the 20EMA as dynamic support line
- if EVERYTHING is in place, then:
Open Long at 118.70, Risk-Reward = 2.0,
SL@118.00 (-70), TP@120.10 (+140)
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