LONG POSITION ON USDJPY
This trade was incredibly simple (EZPZ)
1. Price formed a falling wedge pattern which is bullish
2. Price hit my S/R level
3. Price hit my zone on my Fibonacci
4. There was also divergence on the 4H time-frame
Side note for another entry: If price keeps pushing upwards, it could retrace onto the S/R level/Pivot Point and continue upwards.
1. Price formed a falling wedge pattern which is bullish
2. Price hit my S/R level
3. Price hit my zone on my Fibonacci
4. There was also divergence on the 4H time-frame
Side note for another entry: If price keeps pushing upwards, it could retrace onto the S/R level/Pivot Point and continue upwards.
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.