vj20_fx

Retracement to support level

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
After a strong bullish move from this pair, it has formed a ‘falling wedge’ chart pattern. It has now retraced back to the pattern and a string support zone so I expect a reaction.I am waiting for price to touch my support zone first before taking a long position. Once it touches my zone, I will be looking for further confluence such as candlestick formations indicating bullish momentum.


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