authors

USD/JPY Bearish Flag Long

Long
authors Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Good Morning,

Given price is over bought on both 4h and daily time frames we are approaching an excellent opportunity to long the pair. Evidentially exhibited above, we can see a bearish flag in formation; expecting move greater than or equal to poll. We are also on a strong support level (illustrated above). Keep in mind, pattern changes should price consistently close lower and lower. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.

Thanks,
Trade Wisely
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