USDJPY ZigZag Long Trade Setup - Potential x3 RR

20 thg 4, 2021

Hi Traders! It has been a while here. Check out my current trade setup on USDJPY.

• Price has completed a simple zigzag which might be part of the circled wave iv potential triangle pattern.
  
• Wave c equals a and it's also testing the lower boundary of the parallel channel.
  
• The breach of the upper green level will be our conservative entry.
  
• Market has presented an early entry from the lower green level.
  
• The price must stay above the red invalidation level for this setup to remain valid.
  

What's your view on UJ? Let me know in the comment.
Thanks,
Veejahbee.