symmetryfx
Long

USDJPY Bullish Technicals and Price Action

FX:USDJPY   U.S. Dollar / Japanese Yen
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- Bullish Monthly, Weekly Daily Market Structure
- Bullish break of MONTHLY Trend Line
- Daily Trend Line Support established on an overall uptrend
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Up next price could retrace to form the next Higher Low (HL) in Market Structure before printing a new Higher High on the Daily timeframe . This Daily Higher Low after a break of a Monthly Trend Line would be a superb risk/reward opportunity. Entry would be on the lower timeframes such as M5/M15 once price enters an area of Demand and the candlesticks show price is ready to transition back into the overall uptrend and buyers are in control.
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Technical Analysis:
- Candlestick Analysis
- Market Structure & Price Action
- Major Market Patterns
- Trend Lines
- Support & Resistance Lines
- Exhaustion Zones
- Multiple timeframe analysis (Multi-Timeframe Correlation)
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