U.S. Dollar / Japanese Yen

Long

My First Idea on TradingView

By UnknownUnicorn614205

Updated

Double Top/M Formation.
Confluence with an uptrend on a Higher Time frame.
Approaching Significant S/R Zone, confluence with 23.6 Fib level

Thoughts?

Comment

Update:
JPY Pairs are in a heavy sell, so I'm bearish on this pair now.
Gonna update the chart

Order cancelled

I'm taking the opposite of what I charted

Trade closed: target reached

Well damn, it worked out.
Lesson Learned: When someone tells you JPY pairs are in a heavy sell, do some due diligence because they probably don't know what they are talking about.

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