USDJPY POTENTIAL LONG SETUP.

USDJPY DAILY

MARKET IS FLAT. PRICE PRINTED A DOUBLE BOTTOM AND BROKE THROUGH MPP TO THE UPSIDE. STOCHASTICS IS OVERBOUGHT. RESISTANCE IS AT MM3, MR1, AND MM4.

USDJPY H4

MARKET IS SIDEWAYS. PRICE BROKE THROUGH PREVIOUS RESISTANCE AT 111.75 WHICH I BELIEVE WILL NOW ACT AS FUTURE RESISTANCE. STOCHASTICS IS OVERBOUGHT. MY PLAN IS TO WAIT FOR A PULL BACK BEFORE GOING LONG.

USDJPY H1

MARKET IS BULLISH, 21 ABOVE THE 55. PRICE HAS PRINTED A HIGHER HIGH. AS A BULL I AM WAITING FOR A HIGHER LOW BEFORE GOING LONG AT SUPPORT. STOCHASTICS HEADING SOUTH. A BOUNCE OFF DPP WOULD GIVE US A TARGET OF DR2.

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