X5

USD/JPY H4 Long setups

Long
X5 Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Following pattern on D1 charts and divergences presents, this pair could be starting an uptrend in which I will be looking to target the 50% Fibo retracement of the bullish Shark pattern on D1 and see if the combo Shark – (5-0) it presents.

See link below for more info of the pattern in D1
Comment:
On D1 chart, the bullish pattern has responded and reached the 61.8 – 78.6 fibo retracement. The downtrend remains. I’m looking forward to see a bearish pattern on H4 chart

I’ll be updating D1 chart
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.