USDJPY - 15min long entry (3:1RR)
USDJPY has made a HL and double bottom on the 4hr timeframe so we are expecting a HH in the long run. This setup entry confirmations are:
· Break of structure from bearish (LH and LL) to bullish (HH and HL).
· Break and retest of 14 period EMA.
· DXY Bullish correlation.
· Break and retest of 15 min structure.
· Price is rejecting 61.8% level on 4hr timeframe.
· Break of structure from bearish (LH and LL) to bullish (HH and HL).
· Break and retest of 14 period EMA.
· DXY Bullish correlation.
· Break and retest of 15 min structure.
· Price is rejecting 61.8% level on 4hr timeframe.
Trade closed manually
Trade closed due to conflicting bullish setups between AUDUSD and USDJPY. Closed at a profit at 109.320 with about 0.57:1 RR.
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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.