Uj
UJBigger timeframe has shown us an inverse H&S and the neckline has been broken. Currently we had a double bottom and slight move upwards. Where we allows for either a pullback before fully bolstering to the direction it wants to. My analysis is showing me a long but I will wait for further confirmation before entering.
USDJPY longUSDJPY has made bullish change of character (chcoch).
Price took buyers liquidity twice. So candles that took liquidity is my point of interest (poi). We also have liquidity build above poi's.
Equal highs that we see above current price is our target for long.
Will enter with lower timeframe conformation.
Good luck:)
ASIA: USDJPY - B&R - MOMENTUMLiterally the same exact setup (break and retest) we just posted for AU but this time they are swinging pairs the other way (probably, who knows) It makes sense tho since last setup hit TP and reversed. Would rather wait for a candle close above previous candle but I like the USD momentum I see across the board.
UJI am seeing this melt for quite a bit before it breaks out of this channel and continues the bullish trend. We are still in the pullback, ZOOOOOOOM THE FCKU OUUT and you'll see there's quite a bit before the bigger trend.
UNLESS
If we have a break to the upside and retest then we have to prepare for a very volatile market because demand is on the upside but provide before the correct time will lead to false breakouts and blown accounts. This will be to account for the demand as supply won't be able to keep up. So to keep moving the car will go around collecting fuel from all the cars that have other mechanical or electrical failures and aren't moving.
USDJPY long position Just a short term long position on UJ. Had a push earlier today towards the downside so looking for a correction. Could possibly go higher than the target but would need to see multiple candle closes on the 4hr time frame above the target area for confirmation.
93 pip target for now.