The premise for this analysis is hinged on the monthly Ichi. The Monthly tenkan is acting as a good support and last Month tried but failed to break through. This month we tried again and were repelled. As such i would buy this and put my 1st tp at about 350.
Entry: Yesterdays close at 323
SL: Put it at at 15unit below the daily SSB level so around 290
TP: 350
Entry: Yesterdays close at 323
SL: Put it at at 15unit below the daily SSB level so around 290
TP: 350
Note
We are still in this trade. We gapped down today but we still have not been invalidated so lets wait.Note
Still in it, our weekly is still above the Kijun and daily has thin cloud ahead..so we keep waitingTrade closed: stop reached
loooooooooooooooong trade stopped out
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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.