11-12-2023 _ Short Term Bullish Idea _ USDJPY H4

1- Bullish Divergence
2- Followed by Bullish Trending Structure
3- Followed by Convergence
( i.e break of the last LH with the formation of new High )

Presents a typical case of;
1- Pullback
(Supported by Hidden Divergence & 50% Fibo. Retracement )

2- Followed by a move UP.

Targets 61.8% and 100% Fibo. Extension

Trade active:

200 pips move thus far.

Close half and move SL to Entry.

Comment:

Another 50 pips.
Total move 250 pips from Entry.

First Target achieved @ 61.8% Fibo. Extension.

Close half of the running lot move SL to 38.2% Fibo. Extension

Comment:

370 pips move thus far with 25% lot size still open.
Move SL to 50% Fibo. Extension

Trade closed: target reached:

Trade Closed with 475 pips profit.