USDJPY Long Idea

2023年8月17日

For now seems like UsdJpy is going to go up. On daily having a strong move up and broke the resistence making a BOS. Going lower on 4H and see that uptrend is here too. Same on 15M too.

As long the price don't go below:
-145:843 (last low) on 15M
-145.10 on 1H
- 141.513 on 4H
The up trend is likely to happen.
If we see those supports broken (specially 4H one) then we can look for a sell trade to Daily support (137).

What do you think?

2023年8月17日

交易進行

I open long positions @146.03/ 145.96 aiming above the last high (146.85) because if the price reach there, the up move have most chances to go up (continuing the up trend on higher timeframes).

2023年8月17日

註釋

Price goes down to the 15M support and seems to reject it. I keep my trades open as in my view there still is a uptrend on bigger timeframes and no reason to close them..yet.
P.S: SL/TP are not the right ones from my trades, there are shown as a idea.

2023年8月19日

註釋

On lower TF the price goes to 1H support and reject it (In my opinion the price did not broke the support because on 1H timeframe is a fake out..so far). For the up trand to continue I want to see a change of character on 15M. If the price goes above 145.760 for me is a good sign to up move to continue.

2023年8月19日

註釋

If the price gonna broke 1H support I will close the trades because the down move could go even lower.

2023年8月21日

註釋

1H support hold and the price came back up...seems to go to the last high on 1H/ 4H/ Daily. There I would close 1/2 of my trades and move my SL at entry to make the trades risk free, but it is just me and this is about trade managament so is up to you how you want to proceed.

2023年8月22日

交易結束：目標達成

I was set my SL above entry and below the 15M support @ 145.771 and price hit it. It was a nice trade tho.