Short Setup + Explanation on USDJPY by ThinkingAntsOk
Consider this as an idea to develop your own setup:
Main items on the 4hs Chart:
a)Price Broke out from a Weekly triangle structure
b)Currently, there is a consolidation structure between the resistance zone and the ascending trendline (yellow solid trendline)
c)On MACD we can observe a divergence on the Histogram, that can be considered as a weak signal of the current bullish movement
d)On the chart, we have set Stop zone / Entry Zone / Take Profit or Break-even zone, use them as a guide of where to set your orders
Weekly Vision:
Main items on the 4hs Chart:
a)Price Broke out from a Weekly triangle structure
b)Currently, there is a consolidation structure between the resistance zone and the ascending trendline (yellow solid trendline)
c)On MACD we can observe a divergence on the Histogram, that can be considered as a weak signal of the current bullish movement
d)On the chart, we have set Stop zone / Entry Zone / Take Profit or Break-even zone, use them as a guide of where to set your orders
Weekly Vision:
Trade closed: target reached