VasilyTrader

USDJPY: Potential Key Level Trade

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen

USDJPY is trading in a strong bullish trend .
After the price reached 111.0 level, we see a retracement leg.

Currently, the price is retesting strong daily support (previous structure high).

To catch a trend following move, wait for a breakout of a resistance line of a falling wedge pattern on 4H.
It will be a perfect confirmation.

First goal will be 110.4

In case of a new lower low formation on 4H, the setup will be invalid.

Please, support this idea with a like and comment! Thank you!
Comment: Watch my new video on USDCAD:

Comments

Do you agree with my plan??
+1 Reply
atauzumaki VasilyTrader
@VasilyTrader, totally
the importance of the key level you mentioned can also be seen in Daily and Weekly as well
Reply
VasilyTrader atauzumaki
@atauzumaki, thank you for comment my friend!!!
Reply
gmwakasanga VasilyTrader
98%collect sir
Reply
the long wait of breaking 109.10 to the downside. i will be waiting to retest the 109.10 level for another sell. thank you for your thought my friend.
Reply
@Coach-Jx, you are welcome buddy 🙏
Reply
Coach-Jx VasilyTrader
@VasilyTrader, just a matter of time for more drop :)
Reply
Open sell nice.
Reply
@owlet2, thank you for comment my friend :)
Reply
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