BluetonaFX - USDJPY Potential Bull Flag Opportunity
Hi Traders!
There is a potential bull flag opportunity here on the USDJPY 2H chart. The market has been trading with bullish momentum over the past couple of days, and we have drawn the flag pole to show the big bullish momentum wave along with the flag consolidation.
What we are looking for in this setup is first a support hold of 141.220 and then a break and close above the flagpole at 141.957. 141.220 must hold for this opportunity to break to the upside.
If we do not get this, we also have an opportunity to the downside if the bull flag fails. If there is a break and a close below 141.220, then that will be a confirmation sign to enter with short positions to target 140.504.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your continued support!
BluetonaFX
There is a potential bull flag opportunity here on the USDJPY 2H chart. The market has been trading with bullish momentum over the past couple of days, and we have drawn the flag pole to show the big bullish momentum wave along with the flag consolidation.
What we are looking for in this setup is first a support hold of 141.220 and then a break and close above the flagpole at 141.957. 141.220 must hold for this opportunity to break to the upside.
If we do not get this, we also have an opportunity to the downside if the bull flag fails. If there is a break and a close below 141.220, then that will be a confirmation sign to enter with short positions to target 140.504.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your continued support!
BluetonaFX