(H4) USDJPY Analysis
88.6 XA of a bearish Bat lines up with a daily resistance level. We entered a Supply zone and there is a possible 161.8 ABCD Completion. RSI is overbought. I will stack my entrys. First entry at the 161.8 ABCD completion, the second entry at the 88.6 Level. First target level is a fresh demand zone, the other targets are the 38.2 and 61.8 retracement levels. I enter without confirmation.
Trade active
161.8 ABCD entry is triggered.Trade closed: target reached
1st target reached. Stops to breakeven.
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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.