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20 Reasons for Long USDJPY Update 24/07/2022 1 Structure 1/2: bullish 2 imbalances : target marked 3 Current Move1/2 : impulse 4 Entry TF : D1 4.1 ETF Structure: bull 4.2 move : corrective 5 Support Resistance: Support on 134.8 6 FIB: same 61 at the point 134.8 support 7 candle Pattern: momentum 8 Chart Pattern: double bottom 9 Volume : below average 10 Momentum: bullish to sideways 11 Volatility : compressed 12 strength: bull 13 Sentiment : bullish extreme 14 Final Summary: on support we can go with a buy entry once its gives us a buy signal on support level we go with buy 15Buy /Sell/Wait : wait buy 16 Entry: 135.5 after trigger event 17 Sl: 134.926 18 Tp: 142.133 19 Risk to reward Ratio: 1:10 20 Excepted Duration : 30
Long
by Optimum369
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