CPALL | Elliott Wave Projection | Bull Flag Pullback Entry +20%Price action and chart pattern trading
> A potential mega bull flag major 4 wave breakout & retest SMA200W for entry opportunity
> Target: 1.414 - 1.618 fibonanci extension +15-20%
> Stop: -7 - 8% SMA20W - 50W zone
> RRR: 2:1 minimum
Always trade with affordable risk and respect your stoploss
Bulllishflag
USDJPY - Flag PatternFlag pattern clearing forming on 1H chart.
This pattern can also be seen up to the 4H chart.
This flag pattern is a possible indication of a continuation of the bullish trend we have seen on USDJPY in recent weeks.
Strong rejection at support @ 108.40 would confirm a buy or you could wait until the break out and retest at 108.80 for a more risk off-trade.