USDJPY Long Trade Setup

30 Mar 2018

Hello traders.

This chart is very clear in daily timeframe. I'm expecting a new up impulse after corrective structure.
In 1H, I think up move was reversal impulse and now, a correction is in the making. The down move can be the whole correction or wave A in bigger structure.
It is not clear at this point, but putting an entry order looks like a good idea. My plan is taking breakout trade. If I can find any entry after the breakout, I will take it and remove the entry order.

Trade with care...

3 Nis 2018

Not

It broke the trendline, wait for a flag to take any long trade.

4 Nis 2018

Not

I replaced my entry order according to the structure. But, if it makes a correction I will remove it.

5 Nis 2018

İşlem aktif

11 Nis 2018

Not

Move stop loss to the previous bottom.

13 Nis 2018

Not

I hope it will keep going up, but more likely, it will come down in order to complete the correction. I hope the correction will be the running flat because an expanding flat will stop me out. In this case, I will take another long trade. For now, just wait and see.

24 Nis 2018

Not

Nice up move. Leave your trade alone.

2 May 2018

Not

300 pips so far, I'm waiting for a correction to take another long trade. But there is still divergence, so it can make higher degree correction. If you want to protect some of your profit, move stop-loss to 109.900 or just wait like I do.

8 May 2018

Not

I think it's making a higher degree correction. I'm waiting for the completion of it. Then I will take another long trade. Hopefully, the correction will not be so deep as to stop me out.

28 Haz 2018

Not

Still waiting for the completion of the correction to take another long trade.