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YerwantKansabedian
Apr 24, 2019 3:46 PM

USDJPY Long-term long opportunity Long

U.S. Dollar/Japanese YenFXCM

Description

M1:
We have an ascending triangle (Bright green line)

W1:
We are in an uptrend
We had our retracement at Fib 61.80% (Cyan line-lowest level on D1 tf) and are continuing our way upwards

D1:
Uptrend (Again retracement at Fib 50%)
Inverted H&S which we broke through
Price has been consolidating for a while
BUT waiting for the bounce at the 111.711 price level
and for a confirmation candle to confirm my buy signal

TP1 112.913
TP2 114.143

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