VasilyTrader

USDJPY: Top-Down Analysis & Trading Plan 🇺🇸🇯🇵

Long
VasilyTrader Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen

USDJPY is trading in a bullish trend on a daily.
Higher lows of the market are respecting a major rising trend line.
Now the price is very close to its retest.

To catch a swing move,
follow a falling wedge pattern on 4H.

Wait for its bullish breakout (4H candle close above its resistance).
Then buy aggressively or on a retest.

First goal will be 109.6 level.

In case of a bearish breakout of a daily trend line, setup will be invalid.

❤️Please, support this idea with a like and comment!❤️

⬇️Subscribe to my social networks!⬇️
Comment:
Check my new idea on CADCHF:

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.