Good Morning Guys and welcome to a new trading week .. Long idea on USDJPY 4h TF
As we see we have a rising Trend Channel and we are in Bullish environment at the moment . On the way up we have several demand zones used or missed closely . My idea for a long position here would be price coming down to test last zone of demand + S/R flip zone just below that + Trendline could help to push price higher again with a target at last swing high around 106.20 zone. When we arrive at the demand I would zoom into LTF like m15 or even below to find an entry . If you trade HTF like h4 here it would be also ok to trade it in the same TF after confirmation….
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if u trade just h4 for some swings this is your activation
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flip holding i see some movement to the upside now ...
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so far so good .... now its up to you : protect capital = set trade to break even and forget it till target hit play out your edge : let em run till Target or SL get kissed
another way of handling would be taking off some at certain areas ....
many ways to glory ...
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you are welcome ;-)
Trade closed: target reached
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almost at target ...close majority of position let rest run and trail as long as its climbing