Potential USD/JPY Longs If We Confirm Channel Breakout
Updated
USD/JPY has been in downward channel and is now squeezing onto strong support. Looks like sellers exhausted and bottom being formed. IF we break out of channel and retest blue box, longs are valid to targets marked.
Order cancelled
No entry. price never broke and retested so no confirmation for buys.Trade active
Patience has been key on this setup, first attempt to break and retest failed, now attempting again. Waiting for confirmation of support and looking to enter longsTrade closed: target reached
Full target hit. USD showing amazing strength. Beautiful trade.
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