USDJPY – Bullish Bias


Click here to view chart.
– Price bouncing off 61.8% of AB
– Bullish hidden divergence
– Looking to go long on a break of the BC trendline.
Use H4 or H1 charts for better entries – possibly enter on a retrace of price after BC trendline break.
– SL below C
Move SL to BE if price moves past 38.2% of BC.
–  Initial target = 61.8% Fib Exp of ABC
– Target 2 = 127.8% Fib Ext of BC, which also confluences with 78.6% Fib Exp of ABC
– Target 3 = 161.8% Fib Ext of BC, which also confluences with 100.0% Fib Exp of ABC
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This entry was posted in Divergence, Forex, Harmonic Pattern, Misc. Setups, USDJPY. Bookmark the permalink.

2 Responses to USDJPY – Bullish Bias

  1. Pingback: Update on USDJPY – Bullish Bias | One618 Trading Blog

  2. Pingback: Update on USDJPY – Bullish Bias | One618 Trading Blog

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