USD/JPY Multi Time Frame Analysis - Possible Uptrend
Purple Line = 4 Hour SNR
Red Line = 1 Hour SNR
Yellow = 5 Minute SNR
4 Hour candle close above 4 Hour support level and on 5 Minute chart we can see clear triangle which is break in uptrend and now if we see pullback price should go high at least till new 4 Hour Trendline Resistance
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Wish you succesfull and consistent trading with profits!
This is not an investment advice.
"CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."
Red Line = 1 Hour SNR
Yellow = 5 Minute SNR
4 Hour candle close above 4 Hour support level and on 5 Minute chart we can see clear triangle which is break in uptrend and now if we see pullback price should go high at least till new 4 Hour Trendline Resistance
If this help you with your trading Please Like, Share and Follow that give me motivation to make another Trading Ideas
If you have some suggestion, comment or other opinion feel free to write it in comment
Wish you succesfull and consistent trading with profits!
This is not an investment advice.
"CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."