USDJPY is bullish on the 4H timeframe according to Ichimoku.
1. Kumo is thick and angled up
2. Tenkan-Sen and Kijun-Sen are angled up
3. Chikou Span is above the candles
4. Price has cleared recent horizontal resistance.
I entered a long position at the break of horizontal resistance. I am holding with a target price of 128.959 as this is the Ichimoku V price target, using the 4th March low, 18 March high, and 30 March low as intercept points.
I am shifting my stoploss up higher with every flat Kijun-sen on the 30m chart expecting the bullish momentum to continue intraday.
עסקה סגורה: היעד הושג:
The V price target has been reached and price has quickly bounced off it. I closed my trades for a profit of around 240 pips.
Price is currently retracing. Expect it to hit Kjun-Sen and bounce, or go all the way into the Kumo cloud. 1D trend is still bullish so it is impossible to say that the trend has reversed.
Price is currently retracing. Expect it to hit Kjun-Sen and bounce, or go all the way into the Kumo cloud. 1D trend is still bullish so it is impossible to say that the trend has reversed.
