by Julius K, December 14, 2021
by Julius Koponen December 14, 2021
USD/JPY
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Long
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H1
Table of Contents
H1
Triangle
DXY just broke up from similiar triangle so expecting usd/jpy to do the same.
Order block near 115.240
1%
Watch for breakout and possible retest
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Well done, Julius!
Thank you 😊
Looking very nice
Good buying opportunity awaits for the confirmation traders.
I’ve had 2 positive and 3 negative trades trying to get in. This is 6th trade, lets see if it holds.
Faked both sides grabbing liquidity.
Touches the bottom of the triangle. Went long with tight stop loss below low.
Monthly pivot was too strong at first try and it gave us a false breakup. Didn’t break the triangle to the downside so still expecting it to go up unless proven wrong.
It is battling against monthly pivot and 0.702 retrace so it’s a bit tough line to break but hopefully will break soon.
I have targets on all fibonacci extensions from 1.618 upwards
Retest happening
Interesting, thanks
DXY
Here we go