Get started
glitchTA

Double Bottom - Long

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
glitchTA Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Supply and Demand Double Top or Bottom
5
0
supplyanddemand doubletoporbottom
Looks like we have a double bottom and a breakout candle on the 4 hour chart. See Chart for Position.
Comment:
We are getting a flag pattern forming.. if price closes below the trendline I will reverse my position and go short with targets at the next support/resistance level which lines up with the harmonic impulse move down

snapshot
Comment:
Closed the position when flag pattern violated to the downside losing 25 pips but then went short as price fell and gained 45 pips.. net profit of 20 pips on a "losing" trade :)
Trade closed manually
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.