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USDJPY 4HR Potential Setup - 28/03/2021
U.S. Dollar / Japanese Yen
USDJPY 4HR Potential Setup - 28/03/2021
By mgwooding9
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Mar 28, 2021
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Mar 28, 2021
Potential Setup as per the below
Bias – Bullish
Price has finally broken out of the range and pushed up with bullish momentum
Option 1
- Wait for price to retrace back to 50% of the current expansion move before considering a buy.
Option 2
- Wait for price to retrace back to Golden Zone (71 – 78.6 Fib Level) of the current expansion move before considering a buy.
Both the above have added confluence as there are OBs in and around both these regions.
Chart Patterns
Trend Analysis
mgwooding9
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