USDJPY - Bullish Engulfing
USDJPY has formed a bullish engulfing on 8/14 after the near doji candlestick formed on 8/11 that broke strongly out of the lower Bollinger Band. I have entered at the open of the market on 8/15 after the close of the bullish engulfing. The 8/15 strong bullish confirmation candlestick confirms this setup. SL set below previous lows, TP set slightly below previous highs. 1:5 risk to reward ratio.
Order cancelled
Trade closed at break-even.
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Related publications
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.