USDJPY LONG, 112.600 NEXT
CONFLUENCE:
- 50% FIBONACCI RETRACEMENT
- EMA SUPPORT BEING MAINTAINED
- HIGHER LOWS BEING FORMED
- PRICE ACCUMULATING (CONSOLIDATING FOR HUGE BREAKOUT TO THE UPSIDE.
OVERALL TREND IS BULLISH BASED ON 1 HOUR AND 4 HOUR TIMEFRAME.
I AM USING MAJOR 4 HOUR ZONES AS TARGET LEVELS AND WILL MANAGE THIS TRADE ON THE 15 MINUTE TIMEFRAME UNTIL MY TARGET IS REACHED
- 50% FIBONACCI RETRACEMENT
- EMA SUPPORT BEING MAINTAINED
- HIGHER LOWS BEING FORMED
- PRICE ACCUMULATING (CONSOLIDATING FOR HUGE BREAKOUT TO THE UPSIDE.
OVERALL TREND IS BULLISH BASED ON 1 HOUR AND 4 HOUR TIMEFRAME.
I AM USING MAJOR 4 HOUR ZONES AS TARGET LEVELS AND WILL MANAGE THIS TRADE ON THE 15 MINUTE TIMEFRAME UNTIL MY TARGET IS REACHED
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