Daily and H4 Charts: Very strong bullish momentum and for this week alone, the JPY is extremely weak.
Buy conditions:
1) Bullish hammer sits on the Kijun, with H1 showing all the Ichimoku bullish signs.
2) Price > 200 EMA
3) This is a strategy for re-entry.
4) SL is set at Senkou span B.
5) Since the bullish momentum is very strong, I won't set a fixed profit target. Instead, I will be doing a trailing SL using Senkou span B.
I am expecting this trade to last for a week.
Buy conditions:
1) Bullish hammer sits on the Kijun, with H1 showing all the Ichimoku bullish signs.
2) Price > 200 EMA
3) This is a strategy for re-entry.
4) SL is set at Senkou span B.
5) Since the bullish momentum is very strong, I won't set a fixed profit target. Instead, I will be doing a trailing SL using Senkou span B.
I am expecting this trade to last for a week.
Note
Wrong title: Entry was done on M30.Trade active
Risk free trade.
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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.