FX:USDJPY   U.S. Dollar / Japanese Yen
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1
Overall Bullish Overview-
SETUP: Break and retest of resistance and trendline .
ENTRY: Bull confirmation candle on the 4 hr possible the 1 hr .
TP:114 area.

Note: Im looking for price to pull back on the smaller TF(30 min or 1hr) and later on in the 4hr TF.

Comments

perfect entry candle here now and on the retest of your downwards t line.
only thing preventing the entry is your trading straight into your resistance level above. no reward:risk from the daily perspective ?
interesting
Reply
@gremic, Hi, a new post has been created on the update of this trade setup. Price is now in a position to move higher as we wait for bull confirmation candles to enter. Risk/reward is not shown on the daily as my entries are taken on timeframes smaller than the daily. A SL has now been provided as price has finally reached the entry area. I hope this provides more clarity into the trade, thanks for your feedback. Cheers
Reply
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