Weekly & 4Hour time frame analysis. USDJPY has just retested the upper downtrendline & failed. The profit zone is marked in purple. The divergence signals a regular bullish divergence so that profit area could turn into a demand zone, pushing the pair to new highs. If price retests & fails the upper (weekly) trendline after hitting the profit zone, USDJPY should make a new low.
This is a weekly entry meaning It will more than likely take a year to complete. Add on pullbacks & invest every paycheck you get, you'll be driving a Lambo in not time ;)
STOP LOSS is above the most recent high. If price gets above, I'll reverse & trade to new highs.
This is a weekly entry meaning It will more than likely take a year to complete. Add on pullbacks & invest every paycheck you get, you'll be driving a Lambo in not time ;)
STOP LOSS is above the most recent high. If price gets above, I'll reverse & trade to new highs.