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HCDtrading

Looking to go long on USDJPY with a gain of just under 3%

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
HCDtrading  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
USDJPY Forex 4hours Currencies Trend Lines Parallel Channel
1
0
usdjpy forex 4hours currencies trendline parallelchannel
USDJPY – 19/03/2017
4H
  • The value of trading trend channels is that the trader can trade short term, or look for a breaking of the trend line. Be wary of intraday breaks and fakeouts.
    Point 3 the trendline was violated on an intraday basis but then closed in the direction of the original trend.
  • The RSI is also supporting this analysis of a bounce.
  • Looking to gain just shy of 3% on this trade
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