USDJPY Buy Idea
Ichimoku Kinko Hyo default setting
Stochastic Oscillator (14,3,3)
TF H1
Have a look on the stochastic which emerge from oversold area, and if we switching to H4 chart, price is just right above Kijun and stochastic is at oversold area as well, leading to suspicion that the pair is looking for a healthy uptrend
TP is at the previous resistance on H1 and SL is a bit wide but no issue for a swing trader, SL distance is around 50 pips.
The price is playing inside the cloud however the bottom cloud of H1 can act as last line of defense, if let say the next coming candle closed below outside the cloud, then this setup will be considered invalid.
Stochastic Oscillator (14,3,3)
TF H1
Have a look on the stochastic which emerge from oversold area, and if we switching to H4 chart, price is just right above Kijun and stochastic is at oversold area as well, leading to suspicion that the pair is looking for a healthy uptrend
TP is at the previous resistance on H1 and SL is a bit wide but no issue for a swing trader, SL distance is around 50 pips.
The price is playing inside the cloud however the bottom cloud of H1 can act as last line of defense, if let say the next coming candle closed below outside the cloud, then this setup will be considered invalid.
交易結束：目標達成
Nice movement, price reached the target as per analysis, closed :D
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