On 4 hour Candle USDJPY is looking like Bullish trend as chart is posting continuous series of Higher High followed by Higher Low in compliance with DOW theory. Therefore, I would like to take entry if previous Higher High is crossed in upwards trend. To limit the risk of loss in case of Reversal of trend, I'll put Stop Loss at previous Higher Low.
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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.