看多

USDJPY Buy

已更新

Longer term I expect USDJPY to reach 107, however short term I expect at least another leg higher within this correction of larger degree.

I will be looking for a buy opportunity from the lower time frames to target 116.
At the moment we see an impulse on the 15 min time frame of lesser degree and I will be looking for a consolidation on 15 min time frame to end by means of a bullish continuation Price should in that case not take out the low of what is currently counted as wave B.

timstuyts.com

facebook/timstuyts/

註釋

Let's see whether price consolidates after the impulse higher from the double bottom zone. If we see the continuation higher buy USDJPY for 116.

交易進行

Hope you guy's didn't miss this trade. We saw that consolidation of lesser degree finding a bottom at 112. I'm long with 2 entries and both are at break even now. I target 116. each consolidation up to that level is another opportunity as long as structure doesn't change. My stops are alway's below the consolidation where I bought out of. Hence an incredible risk/reward for this trade so now I have to wait and see how price unfolds. Good trading