USDJPY: Trading to the spike base

19 באוג׳ 2016

See the above picture for Macro Analysis

Trade Setup:
-Trading to the spike base
-Double bottom pattern

Trade management:
-Will only be entering 1 trade with 1 TP
-Buy Limit placed @ 100.00
-Stop Loss @ 99.56
-Target Profit @ 101.065

A small note: I may be entering this trade a little early (reason for entering early is due to a more favourable R:R)
Once the blue trend line breaks that is a very good sign

Let's see how it goes.....

19 באוג׳ 2016

הערה

Has not hit the buy limit as of yet

Considering a market entry

19 באוג׳ 2016

הפקודה בוטלה

New Buy Limit set
around the 100.18 - 100.20 mark