USDJPY - 15min long entry (3:1RR)
Updated
USDJPY has made a HL and double bottom on the 4hr timeframe so we are expecting a HH in the long run. This setup entry confirmations are:
· Break of structure from bearish (LH and LL) to bullish (HH and HL).
· Break and retest of 14 period EMA.
· DXY Bullish correlation.
· Break and retest of 15 min structure.
· Price is rejecting 61.8% level on 4hr timeframe.
· Break of structure from bearish (LH and LL) to bullish (HH and HL).
· Break and retest of 14 period EMA.
· DXY Bullish correlation.
· Break and retest of 15 min structure.
· Price is rejecting 61.8% level on 4hr timeframe.
Trade closed manually
Trade closed due to conflicting bullish setups between AUDUSD and USDJPY. Closed at a profit at 109.320 with about 0.57:1 RR.
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