USDJPY: Top-Down Analysis & Trading Plan 🇺🇸🇯🇵

USDJPY is trading in a bullish trend on a daily.
Higher lows of the market are respecting a major rising trend line.
Now the price is very close to its retest.

To catch a swing move,
follow a falling wedge pattern on 4H.

Wait for its bullish breakout (4H candle close above its resistance).
Then buy aggressively or on a retest.

First goal will be 109.6 level.

In case of a bearish breakout of a daily trend line, setup will be invalid.

❤️Please, support this idea with a like and comment!❤️

⬇️Subscribe to my social networks!⬇️

Kommentera:

Check my new idea on CADCHF: