Price is currently in a bias bullish momentum from higher time frame. We are currently in a bullish weekly cycle. If price respects type o1 or 2 entry, ill apply my entry rules to go long! we also identified a inverse head and shoulder.
FYI - If your a breakout trader JPY pairs are notorious for aggressive breakouts, if I enter a breakout of this pair ill scale into a small time frame to capture my breakout along with the rest of my rules. However, I'm not a gambler I would prefer for all my rule to be confirmed such as if there is no retracement I avoid entry. Furthermore, if price breakout previous week lower low, I will review and if price breaks last week higher higher then = ROI %%%%%%%%%%%%!!!!! GOOD LUCK!