Potential Long on CJ on the Daily TF.
Updated
Been a long time since I've published - just to busy of late; however, I will try to publish more as time goes on.
OK, let's get to it.
Price is above Tenken & Kijun, and everything is above the cloud, and there is also a Kumo twist to the upside.
There is a nice string of fractal resistance just waiting to be broken.
I have an alarm set at 112.523 IF price breaks the fractal line.
What's holding me back is Chikou. It's still in the cloud and trailing inside of price. This has to break out of the cloud & clear price before I will even consider it.
IF Chikou gets clear, and price breaks, I'm looking at 180 or so pips target at 114.477, which takes it to the peak of the previous short Kumo.
Summary: Waiting on Chikou & price to break resistance.
OK, let's get to it.
Price is above Tenken & Kijun, and everything is above the cloud, and there is also a Kumo twist to the upside.
There is a nice string of fractal resistance just waiting to be broken.
I have an alarm set at 112.523 IF price breaks the fractal line.
What's holding me back is Chikou. It's still in the cloud and trailing inside of price. This has to break out of the cloud & clear price before I will even consider it.
IF Chikou gets clear, and price breaks, I'm looking at 180 or so pips target at 114.477, which takes it to the peak of the previous short Kumo.
Summary: Waiting on Chikou & price to break resistance.
Note
Price has pulled back to danger close of my SL, but the trade is still active. Today looks like it's trying to regain the bull power. Still holding long on this.Note
Final update: price has moved into profit, but it's not moving as anticipated. Closing the trade in profit at this time. Cheers.
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