USDJPY - Technically a Good BUY Area!
Updated
Hello followers and other TradingView users!
Here I would like to point out some technically decent BUY opportunity for USDJPY!
BUY Criteria:
1. Breakout from the August down-channel
2. Wait for some pullback & retest
3. A retest is supported by weekly level
4. A retest is supported by monthly level
5. A retest is between 38%-50% Fibonacci retracement level
6. A small round number area 110.700
...and we need definitely a good candlestick pattern on this level!
So, I keep You posted IF we reach this level, this is a counter-trend and the risk is higher!
PLEASE, don't forget to SHARE this, hit the LIKE and the FOLLOW button if you feel this topic deserves it!
That's the best way to support me and help to push this analysis to other users.
Best regards!
Here I would like to point out some technically decent BUY opportunity for USDJPY!
BUY Criteria:
1. Breakout from the August down-channel
2. Wait for some pullback & retest
3. A retest is supported by weekly level
4. A retest is supported by monthly level
5. A retest is between 38%-50% Fibonacci retracement level
6. A small round number area 110.700
...and we need definitely a good candlestick pattern on this level!
So, I keep You posted IF we reach this level, this is a counter-trend and the risk is higher!
PLEASE, don't forget to SHARE this, hit the LIKE and the FOLLOW button if you feel this topic deserves it!
That's the best way to support me and help to push this analysis to other users.
Best regards!
Note
We are close to our BUY area, so, be alerted and watch pa. and specially candlestick patterns!Note
...and we launched after the trendline retest! 5 pips before our retest and support box :/Trade closed: target reached
The start was not from the perfect area but it retest the trendline and from there around 60 pips profit!Let's search some other setups!
Have a nice day!
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