USDJPY 4H TREND STRATEGY
Updated
USDJPY 0.17% - Long Order
Anyone who follows my ideas should know I trade off a basic 4H MA trend strategy.
GMT (02:00) will be the end of a correct Long setup and entry for this pair.
Rules: Long
1. MA20 above MA60
2. Price must cross MA20 from below
3. Test MA20 for support
4. Create bullish 4H candle after test of support
Entry: Enter Long on close of Bullish candle
SL: Set below Bullish 4H candle
Exit: Follow rules on chart, Please ask for more detailed SL movement if needed
Also please check out my recent USDJPY 0.17% History repeating itself chart from 2014 with target of 122.00 soon if it completes.
Happy Trading...
Anyone who follows my ideas should know I trade off a basic 4H MA trend strategy.
GMT (02:00) will be the end of a correct Long setup and entry for this pair.
Rules: Long
1. MA20 above MA60
2. Price must cross MA20 from below
3. Test MA20 for support
4. Create bullish 4H candle after test of support
Entry: Enter Long on close of Bullish candle
SL: Set below Bullish 4H candle
Exit: Follow rules on chart, Please ask for more detailed SL movement if needed
Also please check out my recent USDJPY 0.17% History repeating itself chart from 2014 with target of 122.00 soon if it completes.
Happy Trading...
Note
Seems to be a successful entry, and price is currently in profit. To protect capital at (GMT) 18:00 SL will be move to entry if price is above.
I tend to find that 4x4H candles is enough time to allow price to show direction
Note
Failed Order - XSL move to entry 4x4H after entry - Loss £0.00
MA's have turned and short setup is appearing
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.