USDJPY LONG IDEA
Updated
Good Morning Guys and welcome to a new trading week ..
Long idea on USDJPY 4h TF
As we see we have a rising Trend Channel and we are in Bullish environment at the moment .
On the way up we have several demand zones used or missed closely .
My idea for a long position here would be price coming down to test last zone of demand + S/R flip zone just below that + Trendline could help to push price higher again with a target at last swing high around 106.20 zone.
When we arrive at the demand I would zoom into LTF like m15 or even below to find an entry .
If you trade HTF like h4 here it would be also ok to trade it in the same TF after confirmation….
Long idea on USDJPY 4h TF
As we see we have a rising Trend Channel and we are in Bullish environment at the moment .
On the way up we have several demand zones used or missed closely .
My idea for a long position here would be price coming down to test last zone of demand + S/R flip zone just below that + Trendline could help to push price higher again with a target at last swing high around 106.20 zone.
When we arrive at the demand I would zoom into LTF like m15 or even below to find an entry .
If you trade HTF like h4 here it would be also ok to trade it in the same TF after confirmation….
Trade active
if u trade just h4 for some swings this is your activation Trade active
flip holding i see some movement to the upside now ...Note
Trade active
so far so good .... now its up to you :protect capital = set trade to break even and forget it till target hit
play out your edge : let em run till Target or SL get kissed
another way of handling would be taking off some at certain areas ....
many ways to glory ...
Trade active
you are welcome ;-)
Trade closed: target reached
almost at target ...close majority of position let rest run and trail as long as its climbingTrade closed: target reached
Trade closed: target reached
Last update final target reached ....see you next week for another trade idea
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