USDJPY Buy Setup!

22 thg 11, 2020

Hello everyone, if you like the idea, do not forget to support with a like and follow.

on DAILY: USDJPY is approaching a strong demand in blue so we will be looking for buy setups on lower timeframes.

on M30: USDJPY is forming a channel in red but it is not valid yet, so we will be waiting for a third swing to form around our upper red trendline to consider it valid and buy on its break upward.

Trigger: Waiting for a momentum candle close above the gray area to buy. (if the buy can reach +1R before reaching the first green level)

and until the buy is activated, this one would be overall bearish.

and as price approaches our upper green resistance, we will be looking for sell setups.

Good luck!