LDForex_

USDJPY- Bullish Symmetrical Triangle

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
-If Bulls take control of this pair then I will wait for a breakout of the triangle and look to enter on the retest.
-The 50EMA is below price which indicates bullish trend of the pair.
-Top down analysis from the Daily and 4 hour show bullish trend and signals.
-I will wait for a strong bullish candle on the retest and then I will enter a long trade.
Order cancelled: Price did reach demand turned supply zone but it was not a good entry as there was no strong bullish candle confirmation to enter a long for this pair.

Comments

Turned into a ranging market for a while! Price action was really messy on UJ
+1 Reply
LDForex_ Wicktator
@Wicktator, I agree, it was very messy! But I have posted another analysis on this pair just now which will hopefully go my way!
+1 Reply
Wicktator LDForex_
@LDForex_, Awesome, gonna have a look at it :)
+1 Reply
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