KISSTRADING
Long

Long trade based on confluence of factors

FX:USDJPY   U.S. Dollar / Japanese Yen
We are in this position because of the break above a previous structure and retracement back into a resistance come support zone . The pinbar candle signalled the entry, We have a 2360 fib level from a previous swing and we are trading in the short term trend direction. Probability suggests we will lose this trade but the risk reward makes it worthwhile.
Comment: Just to add, we're above the 50EMA as well as having a vague, once broken, trend line in our favour. Targets are way back up at previous resistance.
Comment: A very poor trade on my part. Looking back there's a clear symmetrical triangle offering strong resistance that we were trading directly into. If hindsight was prior sight I wouldn't have taken this trade. Apologies guys.
Comment: The triangle can be clearly seen on the 15m if you zoom a little and on the 1hr.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out