• Vasily Trader

USDJPY: My Trading Plan to Buy

Hey traders,

USDJPY is approaching a support line of a major rising channel on a daily.

Taking into consideration that the price is trading in a bullish trend ,

the underlined point can give us a nice & safe spot for buying.

To catch a bullish move, your confirmation will be a bullish breakout of an intraday falling channel on 4H.

Wait for 4H candle close above its resistance, then buy aggressively or on a retest.

Initial goal will be 110.96

In case of a bearish breakout of a support of a daily channel, setup will be invalid

and bias will change to bearish .