AyushDhakal

USDJPY retracement

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
>>waiting for a setup to go long on this pair around the blue box.

>>Looking for a candlestick pattern before buying into this pair

>>1d timeframe shows an ascending triangle forming

>>4hr timeframe also shows the same.

Now it looks like the pair is going to retrace around 0.5 to 0.618 fib point until it decide to
form it's new trend.
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