Currently at Supply Zone. Still waiting or a confirmation to enter. A big chance to make a Bullish divergence.
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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.
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We did formed a bullish divergence. Bulkish Divergence aswell at 5 minutes timeframe. Currently have a open position. Entered at 138.839
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Close position for +0.23 profit. As price showing slow momentum on the upside. Hoping to enter the market at 139.067