USD/JPY Long Position analysis
Updated
- On the weekly timeframe the price has formed a falling wedge pattern.
- First indication is 2 weekly bullish engulfing candles, Plus monthly bullish engulfing candle.
- Price has broken the falling wedge pattern and pulled back forming a great buy opportunity.
- My long position will be targeting the 0.382 Fib or 107.964 & or 100DMV with SL just right above the 0.786 Fib (103.932)
- Use proper risk management & good luck.
- First indication is 2 weekly bullish engulfing candles, Plus monthly bullish engulfing candle.
- Price has broken the falling wedge pattern and pulled back forming a great buy opportunity.
- My long position will be targeting the 0.382 Fib or 107.964 & or 100DMV with SL just right above the 0.786 Fib (103.932)
- Use proper risk management & good luck.
Note
close half lot size, move sl to break evenTrade closed: target reached
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