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!