USDJPY 60 MIN Cloud Channel trade
Updated
This is an advanced technique trade
here we have an ascending cloud with medium thickness
When the market reaches the Senkou B (bottom of the cloud) which is the last support level
There is a high probability (87%) that it will bounce back up to the Senkou A (top of the cloud)
** It is important to note the negative USD news that came out today (Powell Press conference)
here we have an ascending cloud with medium thickness
When the market reaches the Senkou B (bottom of the cloud) which is the last support level
There is a high probability (87%) that it will bounce back up to the Senkou A (top of the cloud)
** It is important to note the negative USD news that came out today (Powell Press conference)
Trade active
this trade has been triggered and is now active :)Quick correction the stop is 30 pips (not 20) Stop level = 113.06
Trade active
Since the Cloud has been breached we move our take profit to flat at look to break even.Trade closed: target reached
Trade closed at Breakeven. Once it penetrates the cloud, we look to get out flat, which happens, about 22% of the time, with this type of trade
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