USDJPY Three Valleys Rising
Updated
USDJPY is at the final step of three valley rising formation. Read notes to see potential trade setup.
WARNING: If it doesn't get to the first set up, be aware and focus on the second buy. A partial decline is likely to confirm a strong upward impulse move. This is also aligned with the harmonic pattern on the daily chart.
WARNING: If it doesn't get to the first set up, be aware and focus on the second buy. A partial decline is likely to confirm a strong upward impulse move. This is also aligned with the harmonic pattern on the daily chart.
Comment
It looks like USDJPY are not making the effort to hit the lower trendline. The partial decline signals a imminent breakout about 111.260. Wait for pullback before enter to the trade. Buy limit set at 111.26 once the price rises above that level at least 10-15 pips.Trade closed: stop reached
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