USDJPY Buy Signal
Pattern: 1D Channel Up.
Signal: Bullish as the price found support on the 1D MA50 making a Higher Low within the pattern.
Target: 109.800 (the Lower High on the 2019 Descending Triangle).
*note: if the Golden Cross (1D) takes place you may extend buying up to 111.800 as it happened in July 2018). If the Golden Cross fails to form, abort as another sharp decline towards the 1M Support would be possible).
This is an idea I first accurately calculated in August on the exact 105.00 bottom (see the chat below):
Signal: Bullish as the price found support on the 1D MA50 making a Higher Low within the pattern.
Target: 109.800 (the Lower High on the 2019 Descending Triangle).
*note: if the Golden Cross (1D) takes place you may extend buying up to 111.800 as it happened in July 2018). If the Golden Cross fails to form, abort as another sharp decline towards the 1M Support would be possible).
This is an idea I first accurately calculated in August on the exact 105.00 bottom (see the chat below):
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💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
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