USD/JPY SIMPLE 4H STRATEGY
USDJPY - LONG POSITION
Price crossed back above MA50
Broke main resistance line
Tested MA50 for support
Conformation candle has formed indicating buy signal on close (22:00 GMT)
SL: Below conformation candle (117.235)
TP: None set as of yet
Current Issues:
Low trading volume due to markets being closed worldwide (NY)
Japan Stock exchange closed 03/01
Direction could be false and due to electronic orders
1-2% capital risk and it won't matter either way.
Price crossed back above MA50
Broke main resistance line
Tested MA50 for support
Conformation candle has formed indicating buy signal on close (22:00 GMT)
SL: Below conformation candle (117.235)
TP: None set as of yet
Current Issues:
Low trading volume due to markets being closed worldwide (NY)
Japan Stock exchange closed 03/01
Direction could be false and due to electronic orders
1-2% capital risk and it won't matter either way.
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