U.S. Dollar / Japanese Yen
Long
Updated

USDJPY - TRADE PLAN

100
Price has been falling in a bear channel.

After 3 drives down, price made a double bottom and met some resistance at the upper channel line.

Trade Idea đź’ˇ

Wait for price to retrace to the demand pocket on 15M and buy.
Trade active
PA tagged the demand zone and hit limit order:

snapshot

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.