USD/JPY - Potential Buy at Reentry Zone & Reentry MHV H1
Updated
Technical analysis based on Basic BBMA strategies ( Bollinger Band and Moving Average) . This is just a prediction where the market go. TAYOR.
Buy Setup
Entry point: Reentry Zone ( Only entry at Reentry Zone if there a first CS Rejection ) or Reentry MHV 103.369
Cutloss : When CS able to close and break Low BB as Momentum Sell. Make sure wait for candle close before exit the market.
Deduction: Now just wait for price to retest Reentry Zone and has a CS Reject and entry on next open CS. If breakout at Reentry Zone, price would probably look for Reentry MHV as entry point.
Buy Setup
Entry point: Reentry Zone ( Only entry at Reentry Zone if there a first CS Rejection ) or Reentry MHV 103.369
Cutloss : When CS able to close and break Low BB as Momentum Sell. Make sure wait for candle close before exit the market.
Deduction: Now just wait for price to retest Reentry Zone and has a CS Reject and entry on next open CS. If breakout at Reentry Zone, price would probably look for Reentry MHV as entry point.
Trade closed: target reached
Hit TP 3 only.
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