moorekapital

USDJPY---- Buying on Stop

Long
moorekapital Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
5
As called in our tradingroom earlier..........

FRESH TRADE CALL----

USDJPY---- Buying on Stop

SL:110.7184
Buystop: 111.529
TP: 114.3 (For start)
Trade closed: stop reached:
No surprises. At all.
A condition was missed in analyzing and calling this buy.

I explain below

Monthly trend up
Daily trend up
240 grapgh is up, but neutral at time of analysis----.

Why neutral?
240 is in a micro downtrend, and the correct buy setup is our proprieatray Box Method. Correct buy comes in after BO&C > 112.120

Neutral also because, there's a downtrend defined, but confirmation comes in w/ close below 110.230. After which we look for shorts.
Comment:
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EURUSD, pending buy.
CRUDE OIL, pending shorts

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