Fxtoronto
Long

Lets break usdjpy down

FX:USDJPY   U.S. Dollar/Japanese Yen
76 0 2
3 months ago
Hello, i forgot to post this trade earlier in the week but here we have a good combination of harmonics as well as structure indicating a long, My analysis is based majorly on structure but in this particular trade we have a bat pattern as well which is a pattern i have traded very frequently in the past.
Falling wedge/ Reversal pattern completed its 5 wave down move
snapshot
Earlier today the price broke out from the ascending triangle
snapshot
Whats next?
Price is likely to make a corrective looking at the Overbought conditions
look for a correction completion before entering a trade along with oversold conditions on the rsi
snapshot
snapshot
Potential reversal level
snapshot
3 months ago
Comment: [image]https://www.tradingview.com/x/WTAjEhhD/[/image]
Another possibility
3 months ago
Comment: [image]https://www.tradingview.com/x/WTAjEhhD/[/image]
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