U.S. Dollar / Japanese Yen
Long
Updated

Trade idea - USDJPY Long

401
4H

Corrective approach towards entry zone.

-27 Fibonacci completion aligning with entry zone.

= Confirmation to place Buy limit.

Bullish Fake Out flag pattern also there as extra evidence.

1.5% risk.

Aiming to take full profit at Daily TP.
Note
6M

Bullish M pattern potentially in play.

Clear support & resistance zone is there.

snapshot
Note
WEEKLY

Uptrend making HHs / HLs. Blue, Bullish candles.

Clear support & resistance zone is there.

snapshot
Note
DAILY

Bullish M pattern can potentially play out.

Clear support & resistance zone is there.

snapshot
Order cancelled
Buy limit removed due to news. (NFE)

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.