Tons of Confluence for USD/JPY Rise
Bullish Gartley
Uptrend Channel
Rejection of Channel Support
Completion of Elliott Wave 8 (4HR)
Completion of Elliott Wave 2 (Daily)
Completion of ABC Correction (4HR)
Completion of ABCD Pattern (1HR)
3rd Touch of Ascending Trendline
Rejection of Quarter Half Support
38.2% Retracement
Positive USD News
Entry: 103.22
TP1: 104.50 (+128 pips)
TP2: 106.22 (+300 pips)
SL: 102.80 (-42 pips)
R/R: 3 (TP1) & 7 (TP2)
Uptrend Channel
Rejection of Channel Support
Completion of Elliott Wave 8 (4HR)
Completion of Elliott Wave 2 (Daily)
Completion of ABC Correction (4HR)
Completion of ABCD Pattern (1HR)
3rd Touch of Ascending Trendline
Rejection of Quarter Half Support
38.2% Retracement
Positive USD News
Entry: 103.22
TP1: 104.50 (+128 pips)
TP2: 106.22 (+300 pips)
SL: 102.80 (-42 pips)
R/R: 3 (TP1) & 7 (TP2)
Note
TP2 moved down to 105.70 (+245 pips) due to projected Daily Gartley or Crab forming. This is a safer level to take 2nd profit.Note
Still holding long! Have a great weekend traders!
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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.