Looking for a short term buy on break and close above the descending channel
Looking to long USDJPY .. Clear corrective movement to the downside.
A possible long could be on the cards short term, but if the long analysis doesn't hold i will look to re-enter shorts
Descending channel forming a double bottom occurring at support
The Swissy did not go down as I planned. but it went up strongly It has gone back into the Daily range However, on the M15 we can see something brewing I call this the famous setup.
A few days ago I saw this setup and its still intact. Title of Previous Idea was : USDCAD Will it lift off? that question is still in tact. and so we still ask, will it go to the moon?
watch the video with full attention and follow the rules. This video can be a very educative as well, because I showed how to take an action on trading by confluenceing several reasons.
Reasons to buy this pair #1: W1 Support area #2: Fibonacci confluence level #3: H4 Double bottom and bullish "Pin Bar" at 2nd bottom #4: Bullish H4 RSI Divergence (I forgot to mention :-P)