Looking to go long on USDJPY using the 2618 strategy combined with few more things.
Building a case for entry
- RSIBullish Divergence
- Fib ret 88.6% (61.8% did not kept the price above but 2618 strategy is still valid)
- Weekly Fib ret 50%
- Stochastic Oversold (ready to give a long signal)
- Wait for daily higher high as price confirmation in order to get long