USDJPY Long Trade

I am posting this position late as I just added to the position.

I first got involved on Sunday the 29th of July candle, around the .382 retracement, in the support zone.

I added the position today on the doji wick bounce off of the 9DMA.
We also bounced (and closed above) the white trend line, which was the monthly resistance trend line, which gave us some confluence.

Staying long as long as we trade above the 50DMA.
Look out for NonFarm Payrolls tomorrow.

Comment:

Holding the 50DMA

Comment:

The false bearish breakout seems to have been corrected. We broke the channel on the bullish side, and retested with several wicks (rectangle highlighted). We have no closed above the greenDMA on the 4H.