Trendline Long Long

FX:USDJPY240

U.S. Dollar/Japanese YenFXCM

Description

⋅ Mar 21, 2017 3:00 AM

longed UJ at bottom. waiting for the ride

Trade active

⋅ Mar 21, 2017 5:23 AM

bought at 112.50

Trade closed: stop reached

⋅ Mar 22, 2017 1:48 AM

Comments

Caeper

⋅ Mar 21, 2017 10:21 AM

I have the same sort of analysis going on the 4hr as well. Just waiting for a prime entry on break of structure and retest :)

RougeFX

⋅ Mar 22, 2017 1:47 AM

@Caeper, i had stopped out . will relook it

Caeper

⋅ Mar 22, 2017 4:15 AM

@RougeFX, I think your entry was a little too early. It hadn't quite reached the daily uptrend trend line or daily support. It's at that point now which is also a 38.2 PRZ, so keep your eye on the 4hr for a reversal and 1hr for entry :)

RougeFX

⋅ Mar 22, 2017 5:22 AM

@Caeper, noted with thanks

TradZ

⋅ Mar 21, 2017 3:05 AM

What was your entry price? I could have gotten in lower but was uncertain so, got in@112.545 with a TARGET@113 My first Target was 112.845 but it's looking quite BULLISH ;)

RougeFX

⋅ Mar 21, 2017 5:24 AM

@TradZ, bought at 112.50

TradZ

⋅ Mar 21, 2017 3:38 PM

@RougeFX,

Nice! Are you still LONG or are you out now that it reversed? Unfortunately I was stopped out@break-even. I guess you can say I'm some what fortunate ha! But I should have went with my first TARGET set@112.845 as it was hit. After seeing the massive bullish candles, I just knew it would hit @Least 113.045 but nope! Woke up to break-even ;)

RougeFX

⋅ Mar 22, 2017 1:47 AM

@TradZ, i get stopped out . will relook at the chart. proberbly start to short .