USDJPY - Long term short - Counter trend Long
USDJPY counter trade Long Based on 4hr TF pullback - trend line 3rd tap - relief rally 133.800 area then looking to take short.
Confluences
Upwards trend line
Price sat on support area
Smaller TF Higher Low-Higher Highs
Fibonacci Levels sitting in 61.8% area
Stochastic in Oversold Territory
Trend Based
Monthly Trend - Bearish
Weekly Trend - Neutral Bearish
Daily Trend - Neutral
4HR Trend - Long
Risking 1% to gain a minimum 4% on each side
Please let me know your thoughts
Much Appercaited
Confluences
Upwards trend line
Price sat on support area
Smaller TF Higher Low-Higher Highs
Fibonacci Levels sitting in 61.8% area
Stochastic in Oversold Territory
Trend Based
Monthly Trend - Bearish
Weekly Trend - Neutral Bearish
Daily Trend - Neutral
4HR Trend - Long
Risking 1% to gain a minimum 4% on each side
Please let me know your thoughts
Much Appercaited
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