SamKent
Long

USDJPY corrective move into support

FX:USDJPY   U.S. Dollar/Japanese Yen
154 4 0
The USD/JPY             4H chart has formed a significant hammer at support kumo support. The supportive candle also held on the back of the 61.8% of the latest bull wave. In an overall bull market, these bearish corrections are the bets opportunities to rejoin the trend. We'd like to see a break of the flat kijun sen to the upside backed by bullish momentum accumulation on the oscillators, which will trigger us long, aiming to trail stop and trade-with-the-trend.
yeru PRO
2 years ago
Hi! What level you recommend to go long?
Reply
SamKent yeru
2 years ago
Looking for a bullish break of the kijun, recent resistance area, at around 119.9.
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yeru PRO SamKent
2 years ago
Roger that!:-) Thanks Sam!
+1 Reply
SamKent yeru
2 years ago
You're most welcome kind sir :)
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