USDJPY - LONG POSITION, Break above previous structure.E
Having broken structure looking left, there may be cause to expect price to further rise.
Daily Trend - Identified as Bullish
4hr - Previous structure highs broken, printing a doji currently however, end of trading will be affecting over the weekend.
Entering next bar market if no engulfing candle is present, or large jumps.
Stops placed an ATR below the minor level of structure, previous red candle.
Targets currently at lowest Fibonacci level identified. - Try extending Fibs from previous extension, fib inversion, etc. Lots of matching levels.
Risk/Reward currently above a 1:1 however, have to check before possible entry.
Daily Trend - Identified as Bullish
4hr - Previous structure highs broken, printing a doji currently however, end of trading will be affecting over the weekend.
Entering next bar market if no engulfing candle is present, or large jumps.
Stops placed an ATR below the minor level of structure, previous red candle.
Targets currently at lowest Fibonacci level identified. - Try extending Fibs from previous extension, fib inversion, etc. Lots of matching levels.
Risk/Reward currently above a 1:1 however, have to check before possible entry.