4xbullion
Long

LONG USDJPY ON 4H CLOSE ABOVE 108.24

FX:USDJPY   U.S. Dollar/Japanese Yen
135 2 3
Initally we expected the price to move to 107.35 (see related idea), but the pair took a u-turn before hitting our target entry point. However, we do wish to get long looking at the up-trending channel. The entry point would be a 4 hourly close above 108.24, which is an area of interest since it has acted as a support as well as resistance previously. So a close above this point will be a confirmation call

Trade Type: Trend Continuation
Price: 108.30
Target: 109.75
Stops: 107.20
R/R Ratio: 1.3

Related Ideas

4xbullion
2 years ago
Targets Hit!!
Reply
MohammadRahimi
2 years ago
Very nice!
+1 Reply
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 Account and Billing Sign Out