YerwantKansabedian

USDJPY Long-term long opportunity

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
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


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.