USDJPY H4 AB = CD AND H4 DIVERGENCE
Price action at timeframe H4 showing AB = CD pattern, also there's a divergence with MACD indicator. This is good for long position.
Entry level
108.300 - 108.500
Risk
50 pips
Reward
TP1 100 pips
TP2 200 pips
TP3 300 pips (around Fibo 61.8% retracement)
Good luck
Entry level
108.300 - 108.500
Risk
50 pips
Reward
TP1 100 pips
TP2 200 pips
TP3 300 pips (around Fibo 61.8% retracement)
Good luck
Trade active
Long at 108.78Note
Added long at 108.68Note
Final add long at 108.57Note
Nice, TP1 hit at 108.78Note
*109.78Trade closed manually
For position 2 and 3 closed manually, because price action show reversing
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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.
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.