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DACapitalTrading
May 21, 2018 5:49 AM

USDJPY - SETUP - WEEKLY CONTINUATION - 21 MAY Long

U.S. Dollar/Japanese YenFXCM

Description

WELCOME TO DACAPITAL TRADING!!


USDJPY just started moving as expected, quick Timeframe breakdown for free and everybody.


4 HOUR
Bullish explosion above previous week highs.

DAILY
Very bullish Price action in every timeframe especially Daily movement

WEEKLY
Last couple of weeks very bullish forming new HL.

LEVELS
LONG @ 111.239
SL @ 110.878
TP1 @ 111.600
TP2 @ 111.787
TP3 @ 111.974
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!


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DACAPITAL TRADING

Trade active

Trade closed: stop reached

-35 PIPS
Comments
an00ps
Good Analysis...But I only look at the charts from the negative side as always. So, Wait for it to pull back( if at all) 111.074 then take the long in the next green candle...whatever time frame.
DACapitalTrading
@an00ps, It was a fakeout
PooyaSalehipour
totally agree for short term and then for midterm i think uj will be dump from 111.8-112.1.
DACapitalTrading
@PooyaSalehipour, Fake and Takeout on this one :/ next one better!
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