_VincentP_
Long

USDJPY breakout and continuation of (new) bullish trend?

FX:USDJPY   U.S. Dollar/Japanese Yen
108 0 5
9 months ago
We have reached a bottom with following elements support a longer term bullish trend:
- Forming a possible double bottom
- RSI and stock aimed north
- A hammer formed at the bottom of the bearish trend and got confirmed by a large bullish candle.
- Fundamentally Japan is worse off compared to the US

Order has already been triggered at 112.95 with first target at 116-116.20. However, taking profit sooner might happen depending on how price reacts to 115 level that is a support level turned resistance and that even got retested but did not break.
9 months ago
Trade active: Trade is still active since 112.95 with STP at B/E + 10 pips. Still looking at 116 as TP.
9 months ago
Trade closed: stop reached: Stop reached at BE + 10 pips. Dollar remains weak against the yen which is very strange fundamentally. Awaiting better setup.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out