Phenlx
Long

Trade Set Up USD/JPY Long on H1

FX:USDJPY   U.S. Dollar / Japanese Yen
88 0 5
Hey there,

I am anticipating the the break of former high at 121.11. On H1 it is still an anti cyclic set up (lower highs in blue trend channel). Risk is calculated hence I do not care about the falling knife theory.


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Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
Comment:

M5 looks good so far
Comment:

getting even more beautiful.
Comment:

Now I feel safe. A Risk free trade is enabled due to the shift of SL.
Let´s see how far this pair goes. I will keep you updated :-)
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