ADJPY buys Medium term ****
- Monthly - We can see price is clearly forming bullish structure forming HH and HL, we can also see that price is trading above our MA confirming we are in an uptrend on this timeframe
- Weekly - confirming the above we can see HL and HH price has also confirmed a key level 87.5 as support forming a 3 pin formation from this support level. We can also see that this area also aligns with our 200 MA which has also acted as a dynamic area of support and we can also se aligns with our 61.8 fib reversal zone.
- Daily - This is looking like a really good trade. Daily BOS, we can see how price tried to break 87.5 but found support at our 200ma which bounced price back above. Price has then broken our daily LL LH structure confirming we are about to continue on our uptrend.
- Entry - move has been confirmed. entry on open and any PB to support levels
This is more of an intra day setup but if you check out my other post you can see my longer term buys due to the all timeframes support bullish sentiment.
LETS SEE HOW THIS PLAYS OUT.
- Monthly - We can see price is clearly forming bullish structure forming HH and HL, we can also see that price is trading above our MA confirming we are in an uptrend on this timeframe
- Weekly - confirming the above we can see HL and HH price has also confirmed a key level 87.5 as support forming a 3 pin formation from this support level. We can also see that this area also aligns with our 200 MA which has also acted as a dynamic area of support and we can also se aligns with our 61.8 fib reversal zone.
- Daily - This is looking like a really good trade. Daily BOS, we can see how price tried to break 87.5 but found support at our 200ma which bounced price back above. Price has then broken our daily LL LH structure confirming we are about to continue on our uptrend.
- Entry - move has been confirmed. entry on open and any PB to support levels
This is more of an intra day setup but if you check out my other post you can see my longer term buys due to the all timeframes support bullish sentiment.
LETS SEE HOW THIS PLAYS OUT.