Daniel-Malik
Long

USDJPY- Buy from Blue Zone

FX:USDJPY   U.S. Dollar/Japanese Yen
After Head and shoulders . Neck line breaks and it will come all the way towards blue zone. I advice you to Go long from Blue zone as there are three reasons.

1- Head and shoulder move end on the same area.
2- stoch is in over sold area.
3. strong support.
Trade active: enter wisely !! best of luck
Comment: If you missed the entry, you can still enter now best time is here
Comment: In 70 pips profit , but i am still holding it till my target , Short term traders can book their pips and long term can hold more
Comment: Just touched about 100 pips this morning but I am still holding personally !
Comment: TP1 Hit !!!!!!!!!

Related Ideas

Completely agree on this setup, doing the same. Have been watching (and trading short, TP on 100.5) this pair since it was on 104. Placing my SL on 100, or 99.5 when going long. You might want to add that.
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Thanks !
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Is it still safe to go long or go Short?
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Go long this time !!
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The structure is still valid, only the 28 Trillion JPY stimulus might change the game.
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Daniel-Malik zhivankin
my analysis totally based on technicals . Fundametnal may or may not intrupt the setup
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do you think it could potentially use the 102.70 ish mark as a resistance looking at the left shoulder?
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Daniel-Malik j.collison
yeah its a potential resistence zone but it may bypass it eventually
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j.collison Daniel-Malik
great analysis by the way
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Do you move the SL to BE?
thanks
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depend on you , Please trade according to your own trading plan, AS I just shared an idea here !
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viran108 Daniel-Malik
I moved it to yesterday,s low.
thanks
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Hi Sir,
Yes so far have done very nicely out of this trade, thank you so much. When you say book the first profit, do you mean to close that trade and take out a new trade to the next target area??
Or open a new trade and have two trades going?
Thank you in Advance. Anthony
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Daniel-Malik Batman-oz
Book profit means to move SL to a certain part of your profit and let the trade run. if it reverses, it at least gives you the profit you booked.
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Hey man, I've just joined in on this trade
USDJPY
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