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Ichimoku_Kisai

UJ Continuation buy into existing Ichimoku Uptrend

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Ichimoku_Kisai Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis
5
2
trendanalysis
UJ daily update, Well the uptrend still continues. Target on this current swing is the Weekly R1 level around 110. Pull off partial profits there and let some run further into the trend. The latest green arrow show our entry and the start of the latest upswing.
Comment:
The 110 target has been reached for temporary short term profits. As mentioned in the earlier posts, whenever you are in a strong trend like this one, make sure to leave some units on for larger profits into the trend. We will monitor this one until we get signs of a downswing in the near future.
Comment:
Took profits on remaining units below the 5/21 low. Any decline below that day's low starts a new downswing. We don't want to be sitting through the downswing while we are long because we can always get back in on the next upswing that starts with a new thrust. Congratulations to all that sat through the trade for the last seven days and made some extra profits beyond our original target.
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