Hello traders,
Check out a bullish opportunity on the USDJPY. Currently price action is moving sideways with a potential retest of previous structure support on the 4H. If you take a look at the 60M chart, structure aligns perfectly with an AB=CD pattern, which provides for a decent bullish opportunity. However, I will need an additional signal in order to enter, something like a double bottom or an RSI oversold.
Targets can go anywhere within the consolidation channel.
If this helps, give it a like !
Enjoy !
Check out a bullish opportunity on the USDJPY. Currently price action is moving sideways with a potential retest of previous structure support on the 4H. If you take a look at the 60M chart, structure aligns perfectly with an AB=CD pattern, which provides for a decent bullish opportunity. However, I will need an additional signal in order to enter, something like a double bottom or an RSI oversold.
Targets can go anywhere within the consolidation channel.
If this helps, give it a like !
Enjoy !