USDJPY (H1) - long in sight

FX:USDJPY   U.S. Dollar / Japanese Yen
120 0 3
Short-term trade idea.

The price reached level 1.618 of retracement. You will see that Fibo 0.382 lies exactly on the SSB             and that price touched exactly 1.618 level, this validates the Fibonacci layout as drawn on the chart. On Ichimoku side, the pair is bullish with a price above the Kijun. We may expect a correction that would first break the Tenkan and then target the Kijun. This could be the basis for the long trade as soon as there are signs that the trend is favorable again (support on Kijun + lagging span bouncing on the support 118.1). In the case of a price going towards Fibo level 1, we will wait for the rebounce with a break of 118.1 and a clear break of Kijun).

TP/SL set at appropriate Fibonacci levels. SL may be trailing by using the cloud SSB             .
Comment: Scenario 1 ongoing, bounce against the Kijun with this long wick on the red candle.
Comment: This dirty animal was close from stop... bounced..
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out