U.S. Dollar / Japanese Yen
Long
Updated

UJ Long

I was previously bearish on this setup, but I have seen strong bullish momentum lately which changes by bias.

Trade is now entered after a doji formed that respected the trendline and my previous bullish confluence stack.
Note
Last 2 candles have long bottom wicks - sellers are being exhausted?
Trade closed manually
Closed it. Price hit a 50% Fib ratio and 4H level. A bearish variation has formed on the 15 minute chart so I'm protecting my capital now.

Looking at other markets for the meantime. Everything is so slow on UJ.
Trade closed: target reached
Reached my target but I closed to early. That was a mistake.

Remind me to wait for closes on the hourly before closing??? Must work on my psychology, boys!

Disclaimer