Bullish Opportunity on USDJPY???
Well, I'm looking to go long on USDJPY.
Price just tapped on my supporting trendline. This gives me reason to go long.
On the 4 hour timeframe, you can clearly see it.
It also created a bullish harami which gives me another confluence to go long
Using the 1hour TF, Would take a loss if price gives a retest to the broken trendline.
P.S: Would move my stop loss above entry if price gets to the line marked as X
Price just tapped on my supporting trendline. This gives me reason to go long.
On the 4 hour timeframe, you can clearly see it.
It also created a bullish harami which gives me another confluence to go long
Using the 1hour TF, Would take a loss if price gives a retest to the broken trendline.
P.S: Would move my stop loss above entry if price gets to the line marked as X
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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.