USD/JPY - Maybe Possible at 4th Week February -> March in 2021
Hi Welcome !!
I just made a discover on Daily timeframe for long-term trade
I thought maybe I should to share this to Fellow Traders in Tradingview for any kind of feedback
Here are some speculation been made :
- The Trend is Bullish Daily Timeframe (Uptrend).
by considering only 20 EMA Line
- Last 2 Pullback are not touching the 20 EMA Line (light blue line).
- 20 EMA crossed the 50 EMA line
Still need either below 2 condition need to meets for long entry :
A :
- need a "Bullish Reversal" Pattern to appear next 2 candle stick
- Hoping Next one or two Candle Body Are not touching the 20 EMA line
B:
- a sign of showing "Sell Rejection"
- Hoping Next one or two Candle Wick Are Dipping 50 EMA line or 20 EMA line
Things need to wary when holding position :
- if not closing on TP 1 :
- to anticipate head & shoulders pattern formed
- better set trailing stop of half of TP 1
- for Holding TP 2 to next TP:
- hoping 20 EMA & 50 EMA crossed the 200 EMA
I am really hoping this will happen but still one of the possible long position hold idea, but still few condition to need meets before placing trade.
I was wondering is this a good idea or I am just imagination for earning pips at trading?
Maybe tell me what do You think about this by leaving comment below.
Hoping that I may know what i lack of in my analysis.
Lastly Thank you so much for Your time reading this & coming here.
Warning :
- Any trade made by trader goes by this idea are not responsible of the author
- This is just made for educational content
- This is just one of author personal note that are publish to public
There is a saying - "Trade Ur Own Risk"
I just made a discover on Daily timeframe for long-term trade
I thought maybe I should to share this to Fellow Traders in Tradingview for any kind of feedback
Here are some speculation been made :
- The Trend is Bullish Daily Timeframe (Uptrend).
by considering only 20 EMA Line
- Last 2 Pullback are not touching the 20 EMA Line (light blue line).
- 20 EMA crossed the 50 EMA line
Still need either below 2 condition need to meets for long entry :
A :
- need a "Bullish Reversal" Pattern to appear next 2 candle stick
- Hoping Next one or two Candle Body Are not touching the 20 EMA line
B:
- a sign of showing "Sell Rejection"
- Hoping Next one or two Candle Wick Are Dipping 50 EMA line or 20 EMA line
Things need to wary when holding position :
- if not closing on TP 1 :
- to anticipate head & shoulders pattern formed
- better set trailing stop of half of TP 1
- for Holding TP 2 to next TP:
- hoping 20 EMA & 50 EMA crossed the 200 EMA
I am really hoping this will happen but still one of the possible long position hold idea, but still few condition to need meets before placing trade.
I was wondering is this a good idea or I am just imagination for earning pips at trading?
Maybe tell me what do You think about this by leaving comment below.
Hoping that I may know what i lack of in my analysis.
Lastly Thank you so much for Your time reading this & coming here.
Warning :
- Any trade made by trader goes by this idea are not responsible of the author
- This is just made for educational content
- This is just one of author personal note that are publish to public
There is a saying - "Trade Ur Own Risk"
Trade closed: target reached:
Well TP 1 & 2 Reached
Will it move to TP 3 ?
Will it move to TP 3 ?