USDJPY_Break of the Channel_Lower Lows_Strategic Entry_Daily

OANDA:USDJPY   美元 / 日圓
USDJPY has respected in the uptrending channel for quite some time now. Just recently, the channel intersected with a major overhead band of resistance which has been a major pivot point for price in the past.

Lone and behold, price broke both channels at the intersection point (see purple bubble), then clearly rejected old support. Price should proceed to move down in weeks to come.

I picked my stop at the stop out point of the first obvious sell signal knowing the institutionals are going to clear stops before moving down. I picked my stop behind the highest high, knowing if price moves beyond that point the trade and channels are invalidated. Seems unlikely after holding for several months.
Willing to risk 2% and break my habit of small stops. Going to hold the entire position for T2.

Stop above the higher high 114.756.
Original Entry, low of the signal bar add 2 pips 113.32.... High of signal bar 113.637. As a strategic entry, I'd like a fill 2 ticks above the signal bar. STEntry - 113.657. Difference between Stop and ST entry 1.099 pips.

T1 112.558 T2-111.459 T3-110.360


Like/Comment/Follow TElphee! – Self-made Technical Analyst. Certification not held but desired after college. 5-year market enthusiast with experience in Forex, Futures and Cryptocurrencies. Trading View is my trading journal. I’m posting a series of live trades and documenting them in real time. Share your opinion, but remember we are only discussing opinions. I’m very eager to learn! Find TElphee on LinkedIn/Twitter/Trading View

Disclaimer: Oanda data shown. This information is my own opinion and should not be considered investment advice. Please consult a professional before trading.
交易進行: Strategic entry triggered.
評論: Correction to the above- I picked my entry at the institutional stop out point. Traders that sold the sell signal were just stopped out at our entry is triggered.
Holding on tight, what a great entry. Barely taken any sweat at all.
Patience has paid off as we are profitable by roughly 160 pips thus far. I am holding strong for T2.
交易結束:目標達成: T2 hit. Successful trade.
End of year picture. Lots of opportunity around the 114 level.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出