USDJPY - Breakout of the Ichimoku cloud
USDJPY broke through the Ichimoku cloud and also passed an important resistance that we were monitoring. It seems to have good momentum, so I entered the trade with a risk to reward that is lower than 1:2, but with a concrete chance to move the stop loss very soon since the cloud is moving up due to the very strong bullish momentum.
Trade closed: stop reached
Stop loss reached.
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Find out more at itstradingtime.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.