Long

USDJPY 4HR - Bullish Continuation Setup

The USDJPY recently put in a beautiful rising channel right into a previous level of structure resistance...and it failed. Now that we've broken the simple pattern 7 the previous level of structure, there's a chance that we can continue going higher & a pullback trade would be an excellent place to get involved prior to the move.

Something to keep in the back of your mind however is that although there is a smaller structure zone above that would make a good place for target, we are technically trading within the higher timeframe structure zone.

For more on this trading opportunity please check out the youtube video "Learn to Trade - Small Differences in Good vs. Great Trading Opportunities" around the 5:15 mark

I hope you guys have a great week of trading.

Your Trading Coach - Akil

Akil_Stokes

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Akil_Stokes

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