USDJPY ZigZag Long Trade Setup - Potential x3 RR för FX:USDJPY av Veejahbee

trendanalysis chartpattern waveanalysis usdjpy usdjpylong usdjpylongsetup zigzagpattern trendcontinuation

Hi Traders! It has been a while here. Check out my current trade setup on USDJPY.

Price has completed a simple zigzag which might be part of the circled wave iv potential triangle pattern.
Wave c equals a and it's also testing the lower boundary of the parallel channel.
The breach of the upper green level will be our conservative entry.
Market has presented an early entry from the lower green level.
The price must stay above the red invalidation level for this setup to remain valid.

What's your view on UJ? Let me know in the comment.
Thanks,
Veejahbee.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.