FotiosDimitriou

USDJPY Long - Flashcard

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY Long - Direction: Has been in a Bullish cycle for 3 1/2 days. Pair was showing bullish momentum on the H1 and H4. Entry: Double Bottom pattern formed at H1 OB (can be seen on the M15). Divergence and shark-fin shown on TDI, with the RSI line also crossing the Signal Line, giving me a confirmation. Furthermore, entry candle closed above 13 EMA, which gave me another confirmation. SL @ 22 pips below Entry, and TP @ 31 pips above Entry.
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