FX:USDJPY   U.S. Dollar / Japanese Yen
I thought I'd stay away because the week is a bit hectic. But this is where I find my self and my thoughts.

After a 3rd touch we usually see the 3rd touch on the other side to confirm a channel. With this one in order to fully confirm the buy/bullish trend. We first wanna see the 3rd touch on the bottom part of the yellow channel before the impulsive candles come in to confirm the long trend. I am not suggesting taking this trade just yet. We still have a possibility to see large bullish candles,

So WATCH&WAIT for the 3rd touch
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.