USDJPY - 4hrs Trading Idea ( Long Trade 300 PIP )
Pair of Name :
USDJPY
( U.S Dollar / Japanese Yen )
[ Time Frame : 4H
[ Direction : Long
[ Type : Swing High to New High
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Description
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As we all know there is 3 Main roads that price can go. Sideways, up and down. For this it could be all three of them. But what I am thinking is that price is gonna break out of this triangle pattern and take the liquidity highs make a slight pullback. Before continuing in its past direction This will be all time high area at 153.325$ But before that can happen, Price needs to break this resistance level inside the triangle at 150.410$ The blue box is for imbalance As you can see, price moved tremendously up here and created this imbalance. The yellow box is for accumulation. This is where there is a lot of consolidation and the volume profile Poc line.
USDJPY
( U.S Dollar / Japanese Yen ) [ Time Frame : 4H
[ Direction : Long
[ Type : Swing High to New High
————————
Description
-------**--
As we all know there is 3 Main roads that price can go. Sideways, up and down. For this it could be all three of them. But what I am thinking is that price is gonna break out of this triangle pattern and take the liquidity highs make a slight pullback. Before continuing in its past direction This will be all time high area at 153.325$ But before that can happen, Price needs to break this resistance level inside the triangle at 150.410$ The blue box is for imbalance As you can see, price moved tremendously up here and created this imbalance. The yellow box is for accumulation. This is where there is a lot of consolidation and the volume profile Poc line.
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