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chongyinliang
Long

USDJPY - Bottomed??

U.S. Dollar / Japanese Yen (FX:USDJPY)  
chongyinliang  
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Double Top or Bottom Parallel Channel
257 views
10
257 4
supportandresistance doubletoporbottom parallelchannel
Double bottom as seen on H1 chart. Could this be the start of a bullish move in USDJPY?
Good to go long if price breaks above neckline aggressively.
Trade active
Comment: First target achieved. Price has successfully and also aggressively broke neckline, more upside to come.
snapshot
Comment: Definitely more upside to come given this aggressively bullish H4 candle close. Should see a little dip before this pair rally
snapshot
Comment: Re-test, an opportunity for you to add/open long positions.
snapshot

Related Ideas

chongyinliang
USDJPY
chongyinliang
USDJPY: GOLDEN OPPORTUNITY
josefdiaz9
look at h4, bearish enguling, EMA are about to cross. clear downtrend momentum for right now
Reply
josefdiaz9 josefdiaz9
@josefdiaz9, engulfing*
Reply
chongyinliang josefdiaz9
@josefdiaz9, bearish engulfing candles are only valid if the trend is up, not down.
Reply
chongyinliang josefdiaz9
@josefdiaz9, hope you're good
Reply
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