BoumrahEsmail

Long then short idea

BoumrahEsmail Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Dear traders,
as we can see here;there's a potential Ending diagonal pattern in the 4Hour TF near the supply zone with a bearish divergence on the MACD.
It is better to go long if price reach the demand zone @ 112.523 where trendline is supported for the last wave of this ending diagonal with target @ the supply zone,where it is good enterring a short position against a tigh stop lose @ 113.6.

Think you for your support
Order cancelled:
Pulled back to a supply zone,this is likely going to break the demand zone 112.523;
Trade active:
Long trade ;
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