USDJPY Long/Buy Idea
waiting for a momentum candle close above 108.70 to buy this one
Reason:
1- Regular Bullish Divergence on MACD (in red)
2- Long-Term Channel (in blue)
3- Rejection/Support zone from Daily 107.00 - 108.00
4- Inverse Head and Shoulders pattern is forming now (not complete yet)
Three confluences are enough to consider Buying USDJPY, after a break above 108.70 (in black)
waiting for a momentum candle close above 108.70 to buy this one
Reason:
1- Regular Bullish Divergence on MACD (in red)
2- Long-Term Channel (in blue)
3- Rejection/Support zone from Daily 107.00 - 108.00
4- Inverse Head and Shoulders pattern is forming now (not complete yet)
Three confluences are enough to consider Buying USDJPY, after a break above 108.70 (in black)
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal