FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is trading on the lower bands of a long term 1W Channel Up ( RSI = 58.323, MACD = 0.320, Highs/Lows = 0.1607, B/BP = 1.2460) and has significant upside potential. The latest 1D candle sequence is most likely the making of a Higher Low zone (Highs/Lows = 0.3471), so we are going long, TP = 1.13155 and 113.876 in extension.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (http://www.investingscope.com).
Do you believe that trades on channel trading should only be made on the 4th bounce?
Reply
@TrendyPips, Longs can be opened at the current price. The Higher Low has already been made.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out