Trade idea - USDJPY Long

Updated
4H

Corrective approach towards entry zone.

-27 Fibonacci completion aligning with entry zone.

= Confirmation to place Buy limit.

Bullish Fake Out flag pattern also there as extra evidence.

1.5% risk.

Aiming to take full profit at Daily TP.
Note
6M

Bullish M pattern potentially in play.

Clear support & resistance zone is there.

snapshot
Note
WEEKLY

Uptrend making HHs / HLs. Blue, Bullish candles.

Clear support & resistance zone is there.

snapshot
Note
DAILY

Bullish M pattern can potentially play out.

Clear support & resistance zone is there.

snapshot
Order cancelled
Buy limit removed due to news. (NFE)
Chart PatternsdxyindexForexfxtradinglongsetupnakedpriceactionpatternsSupport and ResistancesupportandresistancezonesTrend AnalysisUSDJPYusdjpylong

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