USDJPY long setup
Hi there,
sharing a long setup on
USDJPY
Entry criteria:
-Monthly timeframe forming a low test/doji candlestick
-Daily bullish engulfing / MACD bullish divergence
-Intraday descending wedge/channel pattern
-Price retraced to the 1h 50 EMA, showing deceleration;
-5m pivot showing support
I set up an entry order over the next pivot line on the 5m chart, targeting roughly the Daily 50EMA / next major resistance level for 2R trade.
Visit the link in my profile if you're interested in learning more on the strategies I use to trade the markets.
Trade safe
sharing a long setup on
USDJPY Entry criteria:
-Monthly timeframe forming a low test/doji candlestick
-Daily bullish engulfing / MACD bullish divergence
-Intraday descending wedge/channel pattern
-Price retraced to the 1h 50 EMA, showing deceleration;
-5m pivot showing support
I set up an entry order over the next pivot line on the 5m chart, targeting roughly the Daily 50EMA / next major resistance level for 2R trade.
Visit the link in my profile if you're interested in learning more on the strategies I use to trade the markets.
Trade safe
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