USD/JPY Long Opportunity

4 thg 7, 2018

Overall, my bias never changed from bullish on this pair due to M.A's on the weekly + daily and how last month closed. On the 2nd of this month we officially broke the descending trendline I had drawn and for me I was just looking for a retest and possible entry on lower timeframes to take this pair higher. Basing structure off the 8 hour, I saw the market pullback and crate sellers exhaustion at the 61.8% retracement forming tweezer bottoms and a hammer. Finally, we get a M.A breaker in an even lower timeframe which triggered my entry. 1:2.5 R:R