USDJPY 4H TREND STRATEGY

USDJPY 0.17% - Long Order
Anyone who follows my ideas should know I trade off a basic 4H MA trend strategy.

GMT (02:00) will be the end of a correct Long setup and entry for this pair.

Rules: Long
1. MA20 above MA60
2. Price must cross MA20 from below
3. Test MA20 for support
4. Create bullish 4H candle after test of support

Entry: Enter Long on close of Bullish candle
SL: Set below Bullish 4H candle

Exit: Follow rules on chart, Please ask for more detailed SL movement if needed

Also please check out my recent USDJPY 0.17% History repeating itself chart from 2014 with target of 122.00 soon if it completes.

Happy Trading...

Comment:

Seems to be a successful entry, and price is currently in profit.
To protect capital at (GMT) 18:00 SL will be move to entry if price is above.

I tend to find that 4x4H candles is enough time to allow price to show direction

Comment:

Failed Order - X
SL move to entry 4x4H after entry - Loss £0.00

MA's have turned and short setup is appearing