USDJPY potential Long Setup

19 thg 3, 2018

In this video analysis I made a quick look on USDJPY. Currently on H4 chart we may spot that Price has tested the Major Support zone for 4 times and got rejected, we also may spot an uncompleted Inverse H&Sh pattern. But on H1 TF Price is consolidating on a descending channel, once price consolidates on descending channel high probability that Price will push up and break and close above the resistance TL. Also there we have uncompleted H1 inverse H&Sh pattern as well which may help to push the price up again. Although we have several Confluence factors that may push the price up, we still don't have a clear Buying signal. So once Price push up and breaks and closes above the resistance TL of descending channel, We should wait for the pull back to test H1 H&Sh pattern neckline and broken resistance TL and Look for buy opportunity with Buy Price Action candlestick confirmation pattern signal. HUUUH done this analysis :-D