USDJPY watch for a buy. Short

U.S. Dollar/Japanese YenFXCM

Beschreibung

⋅ 23. Mai 2017 20:54

Hi traders,

USDJPY looks like a buy. Watch for a setup using your tested trading strategy.

It could move straight up the highs in one swing move, there is a possibility it could bounce off swing low before the move up. If it manages to break structure, wait for a corrective structure before any further buys.

Best regards,
Tom_Killick

Kommentar

⋅ 23. Mai 2017 20:55

This idea is a "long" not a short as the title says, apologies for the error. :-)

Kommentare

orionanglo

⋅ 24. Mai 2017 21:00

is the setup still valid? it looks like its retesting

TomProTrader

⋅ 25. Mai 2017 00:30

@orionanglo, Do what your strategy tells you.

TradZ

⋅ 23. Mai 2017 21:07

Is this viewpoint from the Daily Chart?

TomProTrader

⋅ 24. Mai 2017 13:53

@TradZ, No, this is the 720 (12 hour) chart, 2 candles equal a daily candle.

TomProTrader

⋅ 23. Mai 2017 20:55

This idea is supposed to be a "long"

Thanks to the user that immediately corrected me. :-)

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