USDJPY (L) 2016.12.27
Entry on bullish pullback with USD showing relative strength. 20SMA crossing over 50SMA, upward trend on 15min/hrly/daily charts, currently trading over 20 & 50SMA on hourly. SL below support on hourly, entry just above pullback. Entry at half position, 2nd position entry once trend breaks resistance of 117.6
Trade active
2nd position place for 117.65 after breaking resistance of 117.6 confirming bullish trend continuation. Higher lows on the hourly and trending over both SMAsTrade closed: stop reached
Stop loss reached for 10 pip loss on full position. Trend broke through support on hourly chart.
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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.