USDJPY - Potential pullback for long !!!

FX:USDJPY   U.S. Dollar / Japanese Yen
Hello everyone, if you like the idea, do not forget to support with a like and follow.

The following confluences have been observed and satisfied with the direction of market. Our trading plan is to bid at better price and hoping the market pick up our bid and move further with trend.
The bidding plan should come with expiry date.

D1/M55 (T. Cont . PB .AClim.belowSTD.VPOC)
1. (D1)(Y)(MUST) AutoClimate has statistic edge for moving down (Curr:3 / Std:5.3)
2. (M55)(Y)(MUST) Has valid UFO area with strong engulfing candle with very small wick
3. (M55)(Y)(MUST) VPOC inside UFO area
4. (M55)(Y)(MUST) EMA200/100/55 should align with EMA9 Daily
5. (M55)(Y)(MUST) EMA9 Daily inside slightly near VPOC area
6. (M55)(Y)(MUST) Stoch (14,3,3) below 50

USDJPY BUY @ 108.593
SL 108.427 (16.6)
TP 109.091 (49.8)
EXP 2021. 05 . 05 00:05 UTC+3

Trading plan become invalid if one of below condition appear
1. The price goes further down, causing the EMA200 & EMA9-daily has exceeded too wide with VPOC.
2. Another potential VPOC has appeared and align with EMA200 & EMA9-daily
3. Autoclimate at D1/W1 has reset counting

Disclaimer Notice !!!
The plan that shared here are not 100% confirm winning trade. There is no such thing as "always win" strategy. There will be a time we will face losing in rows. We are not pursuing high winning rate here. With R/R 1:3 and 30-40% winning rate and good money management, we can be consistent profit in the long run.
Any trades you decide to take are your own. The trades shared here are for educational/informational purposes only and are Mulchen's personal trades.

Good luck!
~Mulchen, CISSP


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