Long: USD/JPY
Updated
The Daily chart is indicating an upward swing which has the potential to last a few days until the price reaches back to the 106.190 mark.
1Hr price action looks like it is currently pulling back, placing a trade before the London session starts to potentially catch the European volume.
Price action has broken through the Ichimoku cloud confirming an upward trend on the 1-hour chart.
An upward trend confirmed with Higher, Lower High, and Higher High pattern.
TDIMH suggesting a buy signal on the 22/09 - 15:00 candle where the price broke through the Ichimoku.
DXY is suggesting its bullish outbreak may continue for several days reinforcing the trade.
Entry: 105.136
SL: 104.821
TP1: 105.574
TP2: 106.003
1Hr price action looks like it is currently pulling back, placing a trade before the London session starts to potentially catch the European volume.
Price action has broken through the Ichimoku cloud confirming an upward trend on the 1-hour chart.
An upward trend confirmed with Higher, Lower High, and Higher High pattern.
TDIMH suggesting a buy signal on the 22/09 - 15:00 candle where the price broke through the Ichimoku.
DXY is suggesting its bullish outbreak may continue for several days reinforcing the trade.
Entry: 105.136
SL: 104.821
TP1: 105.574
TP2: 106.003
Trade closed: target reached
Closed trade at 105.417 at the end of the US Session and DXY has hit 94.39 which is 1.000 Fibonacci Extension from the recent low.
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