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MountOlympusFx

USDJPY BUY: Weekly, Daily & 4hr Breakdown

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
MountOlympusFx Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY Forex
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trendanalysis harmonicpatterns chartpattern usdjpy forex
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USDJPY Long

+ Weekly: Last week closed as a engulfing candle breaking through multiple levels closing below 110.40 + broke outter trendline ascending trendline.

+ Daily: Price has now rejected off 109.66 & ascending trendline for 3rd time. Daily candle closed bullish breaking above 110.40.

+ 4hr: Price is now rejecting off 110.40 for retest. Head and shoulder pattern forming. Will enter long if 1hr timeframe shows good price action.
Trade active
Trade closed: target reached
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