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Rhnmrks

USDJPY SHORT 06/08/2023

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Rhnmrks Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY DJ FXCM Index jpy usdjpyshort usdjpyidea
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trendanalysis chartpattern indicator usdjpy usdollar jpy usdjpyshort usdjpyidea
USDJPY SHORT 06/08/2023

Currently at Supply Zone.
Still waiting or a confirmation to enter. A big chance to make a Bullish divergence.
Comment:
Based on my analysis, I have a bullish expectation for the USDJPY market; however, I am patiently awaiting confirmation before initiating any trades. The current position of the market in the supply zone suggests a potential increase in prices. Additionally, there is a significant likelihood of a bullish divergence forming, which could further support the anticipated upward movement. With careful consideration, I am targeting the market equilibrium at 139.527 as a potential take profit point, contingent upon confirmation of the expected market direction.
Comment:
We did formed a bullish divergence. Bulkish Divergence aswell at 5 minutes timeframe. Currently have a open position. Entered at 138.839
Comment:
Close position for +0.23 profit. As price showing slow momentum on the upside. Hoping to enter the market at 139.067
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