RenkoBuddy

USDJPY 4H MA TREND STRATEGY

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY - SHORT ORDER SET UP / STAGE 3/4
SL: 117.20
ENRTY: BEARISH CONFORMATION CANDLE CLOSE (EST: 18:00 GMT )
EXIT: PRICE CLOSES ABOVE MA20

4H trend strategy set up nearing completion, awaiting bearish conformation candle for test of MA20 as new resistance.

RULES: SHORT ORDERS
1. MA20 BELOW MA60
2. PRICE BELOW MA20
3. PRICE TEST MA20 AS RESISTANCE
4. BEARISH CONFORATION CANDLE

ENTRY: CLOSE OF CONFORMATION CANDLE.