USDJPY: My Trading Plan to Buy
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 .