We have a nice potential long term entry on USDJPY's weekly chart. We can see the price action pullback to a nice support area around 110.00 and 38.2%. If we see price action breaks out of the resistance trend line, we can potentially see a strong bullish momentum up to the recent weekly high around 118.00.
i will update any potential long trade opportunities on the intraday charts.
Thank you for your support and feedback.
הערה
⋅
Approaching resistance trend line now, lets see if the price action will break out, then we can find an entry on the lower time frame.
תגובות
BORDOMAVI
⋅
I will consider updating your idea to take action when touching the purple line. Can fib target 61.80%?