Ichimoku Currency Forex USDJPY Trade Entry/Setup: 5-4-10

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  • Ichimoku Currency Forex USDJPY Trade Entry/Setup: 5-4-10

Majority of the JPY pairs have drastically gone down today except for USDJPY.  It has held its price level very well.   The weekly Ichimoku is ideal for a bullish trade.  Therefore, we are going to look at the daily timeframe for a trade setup.   The daily is already bullish.   Some traders may choose to enter now.  Others, may wait for a breakout trader so momentum is on the side of the trade.   Either way, there is no right or wrong.  You should choose to do what suits your personality.   For educational purpose, we are going to enter the trade now.

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