usdjpy failed impulse

FX:USDJPY   U.S. Dollar / Japanese Yen
469 2 9
usdjpy             has lost bear momentum and cannot continue bearish impulses. i will buy the breakout of 4hr structure and shoot for targets of 38.2 and 61.8 daily chart retracements.
look at lower tf for entry.

long usdjpy             setup
- failed impulse
- correctional structure for bullish break
- RSI divergence

entry: tbd
sl: tbd
tp1: 109.114
tp2: 115.508

i will keep the post updated for lower tf structure indicating a bullish breakout will happen.
Comment: structure update right here. price is consolidating and not impulsing further down. we can expect this structure to break bullish. if it does we buy.
Comment: nice rally
Comment: sl in profit and pay close attention to price action..
Comment: seems like its getting ready to go
check your charts. uj boutta move pips!
Comment: amazing!! almost 1000 pips!!
Great david...very happy for you and cheers.
@piptamil, thank you!! cheers ! :)
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