vj20_fx

Bounce of Trendline

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
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2
I believe the Yen has been weakening so far this week so I am looking to take advantage and go long predicting a short BULLISH movement with this pair. On my 12hr TF I have a clean downtrend where price is now approaching the trendline and on my smaller TF (2HR) price is lingering on the trendline. I am now waiting for the 2hr candlestick to close above the trendline which will confirm my trade.