USDJPY 4hr Chart My line in the sand

Plan: Go long whenever a 4hr candle closes above this line.

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candle closed above line, time to go long

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entered long 103.238

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stop should be at 102.50 and tp at 111.000.....This had pulled back after closing above the line which is normal. price sometimes retraces then goes on to new highs. I am still very bullish on the pair but a price retreating below the stop would be a bad sign for bulls and confirmation of being wrong. I believe next week will provide entries for buys and a bullish move...... On the 4 hr chart it has retraced and basically filled the gap up that it had set at the opening for the week. I think it has hit a very good support area.

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correction to above. disregard that filled the gap last sentence. my chart was showing a gap that was incorrect. bad data.

oakman

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oakman