Looking to catch the draw down before a bullish continuation on USD/JPY. Invalidation is a LL close below the cloud (around 109.3) so we will try and enter as close to this point as possible to maximise our R. Currently we are testing the 109.9 support so if you feel the FOMO a small % of a entry could be around the current pa.
Target is a return to the support flipped resistance.
Note
Stoch RSI is also underbought giving us a buy signal when we get a cross below 25.00.
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.