12.03.2019 KT Trade AUD/JPY Long
As this kitty was scrollin thru Babypips, I came across a review of a bullish case for AUD given that there was an RBA decision cammin in! I looked at my sources and made a fundamental bias of a bullish scenario for AUD.
Being a technical kitty trader, I was not gonna trade off of news or fundamental schtuff. That would simply be my “bias” and triggers or signals will always be my execution. As a kitty mentor (mentor Pifty) once reminded us “Trade technically with a fundamental bias” to increase the kitty pwabability of success.
On the technical aspects of the trade, i observed the following:
1.) Tenkan Sen and Kijun Sen were in confluence pointing upwards and were both mostly below price
2.) Price, Tenkan Sen, and Kijun Sen were above the Kumo (Confirmation 1)
3.) Kumo was green/ bullish
4.) Chikou Span was above price (Confirmation 2)
5.) As an added bonus, Stoch was pointing up and was not yet in overbought zone nor did it look like it was crossing over
What i didn’t like tho is the flattening Kijun Sen and Senkou Span B which could attract price towards it so i wont be too ‘heavy’ on this trade.
Lookin at the chart, i figured 74.455 was the resistance to break foww my kitty move.
After settin my SL and TP, i went back to kitty work and after some kitty time, TP hit! Yipee! Pawesome trade!