USDJPY Long Ideas
Hello there,
Price is forming Symmetrical Triangle in Weekly Timeframe. There's a opportunity to go Long for pair. Since the price was just bounce off the demand zone + lower Triangle line, we need to wait for another confirmation to entry, there's a possibility for price to either Reverse or Continue in the H4 Swapzone. So it's better to entry AFTER the price reacts to the Swapzone.
There're 2 possibilities to entry.:
1. If price forms Continuation Pattern in the Swapzone, then it's a good sign to go Long.
2. If price forms Reversal Pattern in the Swapzone, we can either entry at the Trendline or Demand Zone
Target Profit is at H4 Supply Zone. RR is unknown yet.
Cheers!
Price is forming Symmetrical Triangle in Weekly Timeframe. There's a opportunity to go Long for pair. Since the price was just bounce off the demand zone + lower Triangle line, we need to wait for another confirmation to entry, there's a possibility for price to either Reverse or Continue in the H4 Swapzone. So it's better to entry AFTER the price reacts to the Swapzone.
There're 2 possibilities to entry.:
1. If price forms Continuation Pattern in the Swapzone, then it's a good sign to go Long.
2. If price forms Reversal Pattern in the Swapzone, we can either entry at the Trendline or Demand Zone
Target Profit is at H4 Supply Zone. RR is unknown yet.
Cheers!
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