Well, I'm looking to go long on USDJPY.
Price just tapped on my supporting trendline. This gives me reason to go long.
On the 4 hour timeframe, you can clearly see it.
It also created a bullish harami which gives me another confluence to go long
Using the 1hour TF, Would take a loss if price gives a retest to the broken trendline.
P.S: Would move my stop loss...
Btc price is currently at support and is under a downward resistance trendline of which if price respects it, we could see price going to tap on it before rallying down and if the support doesn't hold or there's an imminent bearish pressure, we see price going to mitigate the order block at the 32k region. We've always seen a huge bullish rally whenever price hits...
