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AidanMDang

USDJPY Triple Bottom: Reversal From .5 Fib Retracement

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
AidanMDang Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Fibonacci Double Top or Bottom Parallel Channel USD jpy USDJPY Relative Strength Index (RSI)
5
0
fibonacci doubletoporbottom parallelchannel usd jpy usdjpy relativestrengthindex
Inspired by @FTE1995 who caught the triple bottom and RSI divergence before I did.

I wanted to suggest a few more ideas to support a possible bullish reversal.

1. Break of descending channel
2. On a larger time frame we see price has consolidated nicely between the .382 and .5 fib retracement level
snapshot
Trade active:
Comment:
We made some adequate moves upward, but we have reached a decision zone
snapshot
Comment:
Comment:
Apologies, I posted these updates on the wrong chart
Comment:
Trade closed: target reached
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