USD/JPY May rise 50-100 pips
Insight - Price has broken out of the ascending channel s hit support at 109.02 Price is likely to reverse to hit resistance at 110.06
Intraday - 4H
Trade: Buy
Buy or Above111.63
Target TP: 110.06 & 110.71
Pivot and Support 109.02
Alternative scenario:
Trade: Sell
Sell or Below: 109.02
Target TP: 108.19 & 107.42
Condirmations:
- Weekly supportlevel
- Broken Trendline
- Higher Highs/Lows (bullish Priceaction)
Ideo entry at the Golden Ratio, Checkout my other Ideas;D
