USDJPY counter trade Long Based on 4hr TF pullback - trend line 3rd tap - relief rally 133.800 area then looking to take short.
Confluences
Upwards trend line
Price sat on support area
Smaller TF Higher Low-Higher Highs
Fibonacci Levels sitting in 61.8% area
Stochastic in Oversold Territory
Trend Based
Monthly Trend - Bearish
Weekly Trend - Neutral Bearish
Daily Trend - Neutral
4HR Trend - Long
Risking 1% to gain a minimum 4% on each side
Please let me know your thoughts
Much Appercaited
Confluences
Upwards trend line
Price sat on support area
Smaller TF Higher Low-Higher Highs
Fibonacci Levels sitting in 61.8% area
Stochastic in Oversold Territory
Trend Based
Monthly Trend - Bearish
Weekly Trend - Neutral Bearish
Daily Trend - Neutral
4HR Trend - Long
Risking 1% to gain a minimum 4% on each side
Please let me know your thoughts
Much Appercaited
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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.
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.