USDJPY Triple Long Opportunity!
SEE COMMENTS BELOW FOR OTHER LONG OPPORTUNITIES:
On a 4H chart, we have a confluence of Bullish Reversal Patterns and Signals:
Reversal Divergence + Continuation Divergence
Double Bottom on Price Gap (failed to break through)
Symmetrical Triangle
Candlesticks within the Triangle Include Bullish Engulfing, Hammer, & Inverse Hammer
We enter positions upon breakout from the Triangle
On a 4H chart, we have a confluence of Bullish Reversal Patterns and Signals:
Reversal Divergence + Continuation Divergence
Double Bottom on Price Gap (failed to break through)
Symmetrical Triangle
Candlesticks within the Triangle Include Bullish Engulfing, Hammer, & Inverse Hammer
We enter positions upon breakout from the Triangle
Comment:
We enter long positions upon completion of the reverse Head & Shoulders pattern. But what's our assurance that there's enough buying pressure to complete it? We look at the weekly chart below
Comment:
We have a bullish flag on a weekly chart and is about to hit a monthly resistance turned support which has been tested several times
Trade closed: target reached