USD/JPY Long Position analysis
- 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
congats
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.