U.S. Dollar / Japanese Yen
Long
Updated

USD/JPY Long

147
Context:
• W and M showing (yet to be confirmed) rejections: Neutral with bullish touch
• Respecting Daily FVGs
• 2h big bullish FVG, 4h close above equal Highs

Idea:
• Entry in area between 156.600 - 156.15 with LTF reversal (e.q. 1h)

Scenario:
• Entry area should be approached without bearish FVGs
• 4h close below 156.49 (Equal Highs): Caution!

Scenario terminated:
• 4h Retracement below 156.15: Trade is off

Stop:
• Determined by your entry setup

Please feel free to comment with other ideas or questions.

Trade closed: target reached

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