The price is retracing back to the previous high level, plus we have the confluence with trendline. Overall on monthly, weekly and daily tf the trend is bullish. I was waiting for this opportunity since few weeks, now on daily tf the setup is there. LONG.
The price is retracing back to the previous high level, plus we have the confluence with trendline. Overall on monthly, weekly and daily tf the trend is bullish. I was waiting for this opportunity since few weeks, now on daily tf the setup is there. LONG.
Long after the break of the last swing high, target 200% fib exp.
This pair is on a hot zone, sitting on strong support. On daily chart we have right now a 123 reversal pattern, while on 4hr TF we have a complete H&S with the broken of neck line. I am long.
If the price find resistance, I will look for a 1 2 3 pattern (or H&S). Something like this.
USDJPY is forming a rettangle pattern right on S/R level
Price is at an interesting S/R, if we break the trendline a uptrend until 19.2040 may possible