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U.S. Dollar / Japanese Yen
Long
Updated

USDJPY Bullish reversal pattern, prepare for buying positions'

247
Price finished off last week rejecting the long term ascending trendline, along with forming a similar Doji candlestick at the key zone of support. This upcoming week I am looking for further upside continuation on the lower timeframe.
Note
snapshot Daily: key zone & familiar pattern forming again, history repeating again?
Note
snapshot 4 hour: Bullish reversal pattern occurred as well of support, could see a shift of momentum back to the upside coming again
Note
snapshot 15 Min:
Trade active
snapshot Buying position off support. Inverse head on shoulders & great Reward/ Risk zone for this pair.
Profound_Ambition
Supply and DemandSupport and ResistanceTrend AnalysisUSDJPY

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Supply and DemandSupport and ResistanceTrend AnalysisUSDJPY
Profound_Ambition

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.