Potential Long ScalpUSDJPY tried multiple times to test the bear trend extreme after the 3-Push correction.
It seems like bears can't keep price below the EMA, with gaps getting smaller and smaller at each bear swing.
Now, it's forming sort of a Double Bottom at the bull Trend Line at the end of what seems to be a 2-legged bear move. Chances are that the bears are exhausted and if the current candle closes with a bull body or even a small bear body, there could be a good long scalp.
The problem is that it looks like a Barb Wire too, so any Breakout tend to fail. Still, there could be a good opportunity to enter in second leg after a bullish breakout out of the Double Bottom.
