Vranken
Long

USDJPY 4hr Kumo-break

FX:USDJPY   U.S. Dollar/Japanese Yen
I took this Kumo-break trade on the 4hr chart for usd/jpy             and already moved my stop-loss to break even(where the red horizontal ray is at), I will manually move my stop-loss accordingly to the Kijun Sen. I got my eyes on the monthly resistance as profit target(monthly pivot ) and i set my take profit target even with last uptrend spike.

Would you still look to enter this trade¿?

You can wait until price retraces to the Kijun Sen(wich is the dark blue line btw) and when it touches it and the next candle closes above, you can then re-enter for the Possible trainride.

I will post a updated chart when this happens, beceause when pressing the play button on a published idea, indicators won't go with it and you wouldn't be able to see how it touched the Kijun Sen.(If i didn't post an update in the comment section, it didn't happen as hoped for), cheers.
Vranken
2 years ago