ggcforex
Long

USDJPY- Getting ready for take off!

FX:USDJPY   U.S. Dollar / Japanese Yen
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Usdjpy remains in overall bullish trend on the weekly and daily. We have seen the pair go into consolidation on the 4 hours and daily chart over this week. Yesterday we saw a formation of a bullish engulfing candle on the daily chart . It signaled a coming bullish move. Today we see this is playing out. A close above 114.79 on the daily bar will confirm a continued bull ride. Bulls get ready for take off!
I tried getting in @114 yesterday but my money was still being transferred on over to my trading account and so, I waited and when I woke this morning it was hovering around 114.85 and something told me to get in(up) but I had to observe first looking for fakeouts. I ended up getting in@114.998 with a STOP placed @115 and a TARGET set to 116. Either I get Target 0r I get nothing, looking for another entry 0r set-up and THIS is how you play the game ;)
Great post by the way
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TradZ TradZ
@TradZ, My STOP was placed after it reached around 115.2 but my initial STOP was set to 114.120
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Yes indeed! And don't forget to mention the Monthly-Chart(bullish) ;)
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