FX.co ★ remington.kihn | USD/JPY

Hello traders. For the USDJPY asset, the market price of 147.006 is below the Ichimoku cloud. The Senkou Span B line at 148.892 and Senkou Span A line at 148.328 act as strong resistance and form the cloud. There is a second signal of a dead cross - the intersection of the fast line Tenkan-Sen at 147.452, which is below the Kijun-Sen baseline at 147.565. The combination of these two signals is a powerful sell signal. I am considering selling and expecting a good downward movement. I will close based on a reverse signal or at the end of the day because I focus on intraday trading. Sometimes I close a part of the position and switch the remaining to a buy. After that, I treat it without regret and close it based on a reverse signal. Buying occurs after a breakout above the cloud, when the market consolidates above it, as shadows may protrude from the cloud, indicating the signal remains.