FX:USDJPY   U.S. Dollar/Japanese Yen
Potential Long setup on USDJPY             daily chart . Price near bottom of rising channel . Looking for a good entry point 101.7xx.
Bottom of channel reached :) looking for upside to follow.
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In addition: Price is currently below PP on daily , below Ichimoku cloud (bearish)....
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More like this Johnny friend :)
snapshot
It will be prudent to play the breakout of that doji-like candle (shaded area).
What do you think?
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That is a pretty good set up too. Guess I am more conservative with my TL. The Doji however really looks tempting and may be confirming the reversal. Let's hope it plays out well. :)
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