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FX618Analysis

USDJPY Weekly Trendline Violated! Chance To Go LONG

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
FX618Analysis  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY Exponential Moving Average (EMA) Trend Lines break AND retest USD
3
0
trendanalysis chartpattern indicator usdjpy ema trendline break and retest usd
snapshot

The weekly long term trendline on this pair has been broken and a potential long opportunity is setting up.

I am currently waiting for the channel that is forming on the 4 hour chart to break and retest the 50 EMA on 4 hr chart. Stay tuned for any updates!

However i will only take this trade when i exit my other active USD position. I do not want to risk my capital buying 2 USD pair at the same time. Nevertheless its a good opportunity and if your analysis meets the criteria you can execute at your own risk!
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