USD/JPY Bullish: Scenario 2
If TRIX indicator crosses above it's zero line and price holds
above the 50SMA or the trend line cross over level, then try long.
Target 1: 113.90
Target 2: 114.74
Stop/ Loss: 110.810
If price closes above 114.74, then one can start targeting
118.86 which is the extension of the initial rally, obviously
scaling targets as price rallies and not targeting 118.866
at once.
Enter only if price closes above the 50SMA and TRIX
indicator is above it's zero line.
Happy trading
If TRIX indicator crosses above it's zero line and price holds
above the 50SMA or the trend line cross over level, then try long.
Target 1: 113.90
Target 2: 114.74
Stop/ Loss: 110.810
If price closes above 114.74, then one can start targeting
118.86 which is the extension of the initial rally, obviously
scaling targets as price rallies and not targeting 118.866
at once.
Enter only if price closes above the 50SMA and TRIX
indicator is above it's zero line.
Happy trading