oakman
Long

USDJPY 4hr Chart My line in the sand

FX:USDJPY   U.S. Dollar/Japanese Yen
70 1 2
5 months ago
Plan: Go long whenever a 4hr candle closes above this line.
5 months ago
Comment: candle closed above line, time to go long
5 months ago
Comment: entered long 103.238
5 months ago
Comment: stop should be at 102.50 and tp at 111.000.....This had pulled back after closing above the line which is normal. price sometimes retraces then goes on to new highs. I am still very bullish on the $Y pair but a price retreating below the stop would be a bad sign for bulls and confirmation of being wrong. I believe next week will provide entries for buys and a bullish move...... On the 4 hr chart it has retraced and basically filled the gap up that it had set at the opening for the week. I think it has hit a very good support area.
5 months ago
Comment: correction to above. disregard that filled the gap last sentence. my chart was showing a gap that was incorrect. bad data.

Related Ideas

oakman
USDJPY Weekly
oakman about USDJPY 1 5 months ago
oakman
5 months ago
If a new swing low is made before a candle closes over the line in the sand then the setup is voided.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out