USDJPY - 15min long entry (3:1RR)

4 May 2021

USDJPY has made a HL and double bottom on the 4hr timeframe so we are expecting a HH in the long run. This setup entry confirmations are:

· Break of structure from bearish (LH and LL) to bullish (HH and HL).

· Break and retest of 14 period EMA.

· DXY Bullish correlation.

· Break and retest of 15 min structure.

· Price is rejecting 61.8% level on 4hr timeframe.

4 May 2021

İşlem elle kapatılmış

Trade closed due to conflicting bullish setups between AUDUSD and USDJPY. Closed at a profit at 109.320 with about 0.57:1 RR.