USD/JPY - Strong bullish movement on HTF with volume imbalance - Swing High/Low identified on H1 timeframe - Possible Pullback and continuation to the weekly swing high - Imbalance on H1 and BoS strongly supports a bullish move around 38.2 / 50 Fibonacci - Generous SL of 70pips targeting 1:1.5 for the first target and 1:2 for the 161.8 level
Testing a strategy so based on recent findings expecting a strong push down before we move up towards tested highs on Gold. Looking for entries in the grey area (key daily zones)
Triangle pattern on the 60 minute chart and approach towards the possible support area of 1.3362 breakout occurred at 1.33865
Possible short on this exotic pair with reasoning highlighted on the chart.
The chart highlights a possible scenario only if price doesn't break and close above the resistance area and should this occur then a possible bullish move.