The possibility of a 1100 pips movement for USDJPYHello everyone,
Something interesting is happening with USDJPY. On the monthly timeframe, we can observe a flag formation in the form of a purple area.
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Moving to the daily timeframe, we see two patterns forming in the midst of each other. I refer to them as the QM pattern and QM' pattern.
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With three confirmations and the presence of these patterns, I believe this is a good opportunity for a potential 1170 pip movement in this amazing pair!
My suggestion is to close half of the position once the target is reached and close the remaining position at the second target.
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consider this----> put your stop-loss below the FL (the purple area)
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As always, make sure to conduct your research. If you have any questions, feel free to ask them in the comments below and I will answer them. And please don't forget to support this idea with your likes and comments.
