Looking to buy USDJPY 0.28% as it approaches the blue arrow. Support and trendline both meet there for price to potentially turn around.Price is also currently in a bullish channel , price will be at the bottom of the channel where the potential buy set up is. I will be looking for certain candle sticks as prices approaches buy area for an additional confirmation....
I see potential entry spots around the blue arrow. Multiple strong levels of support represented by the blue lines. The yellow lines are lines from the fibonacci making those areas much more stronger to see a bounce from price. Bullish trendily adds an additional confirmation for a move to the upside. The daily chart is in buyers market. The RSI and stochastic...
The plan is to buy the current price. Major trend line and support should be pushing price higher. Minor bearish trend line broke and retested. Also price is at the bottom of range on the 4hr/daily. Buyers market on daily making god indications a strong move upward is in favour.
Looking to long GBPUSD if price reaches any of the blue arrows. Trend line and supports act as double confirmation. Blue lines are 38% and 23% levels on the fib if drawn. Also considering momentum and candle formations around entry spots before entering.