jolicoeur342
Long

USDJPY - LONG SETUP

FX:USDJPY   U.S. Dollar / Japanese Yen
1077 9 18
I'm expecting USDJPY             to BREAKOUT above, My SL is right under the SUPPLY AND DEMAND ZONE and my LONG TERM TP is around 106.500
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IF BREAKOUT UNDER, THIS CHART IS INVALID!
Hi All I am not an expert at all just started trading but I can see a bearish Bat forming on this pair and the trend is also down. I would go short at point D
Reply
@least I was able to get a piece of the SHORT ;)
+1 Reply
for myself i got that entry king on that buy =)
Reply
TradZ jolicoeur342
You were right! I was in the right direction initially, just didn't hit my target and it headed up afterwards and I got a piece of that too. So where is your target to be again, 106.5? If observing the the daily, it lk's as though it will hit around the 104 arena then head down to the 100 arena to head back up to get to higher handles such as 106 and above. What do you think?
Reply
I forgot tht earlier I had taken a lk@the DAILY and I can see the formation wants to complete an 'M'(double-top) so, we shall head up 1st to around 103.5 I believe b4 heading dwn to around 101.3 ;)
+1 Reply
TradZ TradZ
0r@least going up to 103. but we will shall see
+1 Reply
The DAILY Is showing bearishness, especially if looking @Heikin-Ashi candles. Are you sure you want to go long so soon? I have a order placed@102 to SHORT down to 101.3 but will continue to monitor ;)
+2 Reply
Yeah I will long because my SL is pretty tight so I wont lose alot, but i have alot to win plus on the weekly chart i see a double bottom =)
Reply
TradZ jolicoeur342
ok. I will checkout the weekly now, thx
+1 Reply
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