USDJPY Long Trade Idea
On the Daily timeframe, UJ has graced us with a beautiful break to the upside out of a long lived falling wedge. On this scaled-in
view of the breakout leg, I am looking for follow up momentum provided by the breakout leg. It ( the breakout leg ) is naturally
an impulse type of wave and must therefore be followed by a correction wave which in some cases simultaneously provides a retest.
With the possibilities of waves A and B having been completed in the forms of 5-3 structured waves I will be looking to trade the possible
C wave which should follow with a 5 wave impulse move. We currently have 2 of those waves complete, I will be trading the third wave.
If you have views on UJ, do feel free to throw in some interaction in the comments below. Have a blessed trading week. I will be providing
updates of the above chart's progress.
Target:
-104.450
view of the breakout leg, I am looking for follow up momentum provided by the breakout leg. It ( the breakout leg ) is naturally
an impulse type of wave and must therefore be followed by a correction wave which in some cases simultaneously provides a retest.
With the possibilities of waves A and B having been completed in the forms of 5-3 structured waves I will be looking to trade the possible
C wave which should follow with a 5 wave impulse move. We currently have 2 of those waves complete, I will be trading the third wave.
If you have views on UJ, do feel free to throw in some interaction in the comments below. Have a blessed trading week. I will be providing
updates of the above chart's progress.
Target:
-104.450
עסקה פעילה
Stop loss Moved to break even. Lovely Progress
עסקה סגורה: היעד הושג
Target Hit
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.