I'm long this one as price seems a long way from its equilibrium on the daily charts so I expect some form of mean reversion back towards the Kijun line at around 1.3523 but the first target would be somewhere around the 1.3440 (the underside of the kumo on the 4 hour chart. On this time frame specifically I have traded a set-up which is a form of a weak Tenken/Kijun cross which uses the ATR value as a tool for both first target and stop losses. It is designed to bag some early pips in what could be a major swing, with the second lot left to run with the SAR as a trailing stop.
