USDJPY Long: Crucial Point! Huge R/R Possible!
The trading of UJ continues as we look to ride that continuation wave back toward the top of the channel. This is only valid if the lows are not taken out and new local highs are made.
I like the way this pair is creating a double bottom on multiple time frames. Especially since there is a huge amount of channel resistance on the higher timeframe to contain price. I want to buy it if it breaks recent highs as shown to attempt the third/C wave surf to cypher completion.
I like the way this pair is creating a double bottom on multiple time frames. Especially since there is a huge amount of channel resistance on the higher timeframe to contain price. I want to buy it if it breaks recent highs as shown to attempt the third/C wave surf to cypher completion.
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$USDJPY stopped out on a corrective bearish move. Sticking to a five wave A which nods to an expanded flat. Took a smaller TF double bottom