USDJPY 4hr Chart My line in the sand

٢٦ يونيو ٢٠١٦

Plan: Go long whenever a 4hr candle closes above this line.

٣٠ يونيو ٢٠١٦

ملاحظة

candle closed above line, time to go long

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ملاحظة

entered long 103.238

١ يوليو ٢٠١٦

ملاحظة

stop should be at 102.50 and tp at 111.000.....This had pulled back after closing above the line which is normal. price sometimes retraces then goes on to new highs. I am still very bullish on the Y pair but a price retreating below the stop would be a bad sign for bulls and confirmation of being wrong. I believe next week will provide entries for buys and a bullish move...... On the 4 hr chart it has retraced and basically filled the gap up that it had set at the opening for the week. I think it has hit a very good support area.

١ يوليو ٢٠١٦

ملاحظة

correction to above. disregard that filled the gap last sentence. my chart was showing a gap that was incorrect. bad data.