USDJPY possible long trade 4hr reversal confirmation needed
USDJPY is forming a triangle in Daily chart. The prices are now closer to the bottom of the triangle and may be reversing from here. In 4 hour we can see 5 waves in downward trend finishing with divergence between (iii) & (v).
However need to wait for the confirmation of the change in momentum in ward direction before entering
Long Entry Point 1: 107.3
Long Entry Point 2: 108
TP1: 110.1
TP2: 111.9
SL: 105.2
Wait for Stoch to cross above 20; prices to close above EMA at the entry points
However need to wait for the confirmation of the change in momentum in ward direction before entering
Long Entry Point 1: 107.3
Long Entry Point 2: 108
TP1: 110.1
TP2: 111.9
SL: 105.2
Wait for Stoch to cross above 20; prices to close above EMA at the entry points
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