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Uptrend

Natural structure suggests going Long on USDJPYThe Daily has created a higher, retraced down to the 78.6, as well as a support and the back of a trendline. I am long USDJPY after the doji presented on Thursday. The min setup from my prior video Monday was not validated for an entry, however now, all signs point to bullish activity along with reversal signals. A higher low formed around 134.267. This is a clear case of an uptrend making higher highs and higher lows in real time. on the lower timeframes such as the 4 hour, 1 hour and 30 minute is where I look to have an entry point of decision. my target and stop loss has already been determined. The target for this buy is -27% of the retracement, or the next Daily level: which is in the same area. 138.700. my stop loss will be beneath the previous daily Low at 133.000.
Long
by DesharedPierreJr.
What Are The Different Types of Trends? Trend trading strategies play a vital role in every trader’s life because it helps them identify early trades to exit from the market when there is a reverse trend. Typically, there are three different types of trends given below: 1. Uptrend 2. Downtrend 3. Sideways trend Uptrend An uptrend is formed when a price is rising in value. Usually, a bullish trend has a very common structure. The price keeps setting new higher highs, simultaneously setting new higher lows. Downtrend A trader can see a downtrend when the price is falling in value. Usually, a bearish trend has a very common structure. The price keeps setting new lower lows, simultaneously setting new lower highs. Sideways trend The sideways trend is formed when the market remains static, i.e., the price neither sets new lows or new highs. Trend identification is the essential part of any trading strategy. Learn to identify the market trend with objective and reliable rules. ✅LIKE AND COMMENT MY IDEAS✅ Please, like this post and subscribe to our tradingview page!👍
OANDA:BTCUSDEducation
by EliteTradingSignals
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