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thechrisjuliano
Feb 27, 2024 1:36 AM

Trend Reversal Trade On Japanese Yen Long

Japanese Yen Futures (Mar 2024)CME GLOBEX

Description

4 hour downtrend is extended and reaching the 8th wave.

1 hour chart is still showing a downtrend but price is trying to break above the 50 SMA.

We saw a full trend reversal on the 15 and 5 minute trend with a clear break of structure.

I took an aggressive entry and have a target set at 2:1

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