USDJPY 4H Ichimoku Trade Setup
Buy Stop
- Entry: 108.650
- SL: 108.100
- TP: 109. 700
Looking at a possible setup to go long on UJ.
On the 4H time frame, price has pulled above the cloud, the previous fractal level has been broken, and there is a bright future ahead for the pair.
TK Crossover is imminent.
Also, with price so close to Kijun, it's only a matter of time before the pair breaks equilibrium.
- Entry: 108.650
- SL: 108.100
- TP: 109. 700
Looking at a possible setup to go long on UJ.
On the 4H time frame, price has pulled above the cloud, the previous fractal level has been broken, and there is a bright future ahead for the pair.
TK Crossover is imminent.
Also, with price so close to Kijun, it's only a matter of time before the pair breaks equilibrium.
Trade active
New Target ReachedPrice has hit the level of Daily Resistance and closed on the other side.
We'll see if it reaches the next target this week. About 100 pips (depending on entry) secured.
This trade is still technically a loser. I didn't follow my rules, and entered off of an anticipation. The TK Cross didn't occur yet.
In order to be a successful trader I need to be more strict and follow my rules to the letter. Getting winning trades off of bad practice will only lead to bad habits.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.